Workspace Group Plc (LON:WKP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Workspace Group Plc (LON:WKP) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 415.50.

Several equities research analysts recently issued reports on WKP shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Peel Hunt reiterated a “hold” rating and set a GBX 350 target price on shares of Workspace Group in a research note on Friday, July 24th. Berenberg Bank boosted their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a report on Tuesday, June 9th.

Workspace Group Trading Up 1.4%

Shares of LON WKP opened at GBX 361 on Friday. The stock’s 50 day moving average price is GBX 349.04 and its two-hundred day moving average price is GBX 361.09. Workspace Group has a 52-week low of GBX 312 and a 52-week high of GBX 434.38. The stock has a market capitalization of £695.46 million, a P/E ratio of -5.77, a PEG ratio of 1.54 and a beta of 1.08. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71.

Workspace Group (LON:WKP) last issued its earnings results on Wednesday, June 10th. The company reported GBX 31.30 EPS for the quarter. The company had revenue of £181.40 million during the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%. On average, analysts anticipate that Workspace Group will post 36.7630058 earnings per share for the current fiscal year.

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.