Workspace Group (LON:WKP) Receives Buy Rating from Berenberg Bank

Workspace Group (LON:WKP)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 487 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 15.86% from the stock’s current price.

A number of other equities research analysts also recently commented on WKP. Jefferies Financial Group reduced their target price on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a research report on Friday, December 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 500 price objective on shares of Workspace Group in a report on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workspace Group has a consensus rating of “Buy” and a consensus target price of GBX 489.25.

Workspace Group Trading Up 1.9%

Shares of WKP stock traded up GBX 7.84 on Wednesday, hitting GBX 420.34. 6,622,669 shares of the stock traded hands, compared to its average volume of 1,563,789. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. Workspace Group has a twelve month low of GBX 359.50 and a twelve month high of GBX 482. The firm’s 50-day moving average price is GBX 392.24 and its two-hundred day moving average price is GBX 398.96. The stock has a market capitalization of £808.25 million, a PE ratio of -10.64, a PEG ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. As a group, analysts anticipate that Workspace Group will post 36.7630058 EPS for the current year.

Insider Activity at Workspace Group

In other news, insider Rosie Shapland bought 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average cost of GBX 383 per share, for a total transaction of £34,470. Also, insider David Stevenson purchased 1,366 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of GBX 364 per share, with a total value of £4,972.24. Over the last three months, insiders purchased 14,410 shares of company stock worth $5,441,572. Company insiders own 5.29% of the company’s stock.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.