Workspace Group plc (LON:WKP) Receives Average Rating of “Hold” from Brokerages

Shares of Workspace Group plc (LON:WKP) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 935 ($12.22).

Several research analysts have recently weighed in on WKP shares. Liberum Capital restated a “hold” rating and issued a GBX 965 ($12.61) target price on shares of Workspace Group in a research note on Thursday, November 18th. Barclays restated an “underweight” rating and issued a GBX 745 ($9.73) target price on shares of Workspace Group in a research note on Wednesday, November 17th. Shore Capital reiterated a “coverage pending” rating on shares of Workspace Group in a research note on Thursday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,050 ($13.72) price objective on shares of Workspace Group in a research note on Friday, November 19th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Workspace Group in a research note on Monday, October 18th.

Shares of WKP stock traded up GBX 14.50 ($0.19) on Thursday, hitting GBX 854 ($11.16). The stock had a trading volume of 186,635 shares, compared to its average volume of 188,306. The firm has a market capitalization of £1.55 billion and a price-to-earnings ratio of -12.67. The stock’s 50 day moving average is GBX 856.58 and its 200-day moving average is GBX 871.22. The company has a debt-to-equity ratio of 36.85, a quick ratio of 0.85 and a current ratio of 1.03. Workspace Group has a 52-week low of GBX 683 ($8.92) and a 52-week high of GBX 979 ($12.79).

The firm also recently announced a dividend, which will be paid on Wednesday, February 2nd. Shareholders of record on Thursday, January 6th will be issued a dividend of GBX 7 ($0.09) per share. The ex-dividend date is Thursday, January 6th. This represents a dividend yield of 0.81%. Workspace Group’s dividend payout ratio (DPR) is -0.36%.

About Workspace Group

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London's brightest businesses, including fast growing and established brands across a wide range of sectors. Workspace is geared towards helping businesses perform at their very best.

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Analyst Recommendations for Workspace Group (LON:WKP)

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