Workspace Group (LON:WKP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Workspace Group Plc (LON:WKP)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 401.44 and traded as high as GBX 419. Workspace Group shares last traded at GBX 413.97, with a volume of 7,278,617 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a report on Friday, December 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 487 price objective on shares of Workspace Group in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lowered their price objective on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 489.25.

Workspace Group Stock Up 0.1%

The firm’s 50-day simple moving average is GBX 404.85 and its 200 day simple moving average is GBX 401.49. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. The company has a market cap of £796.01 million, a P/E ratio of -10.48, a PEG ratio of 1.54 and a beta of 1.04.

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

Insider Activity

In other news, insider Rosie Shapland purchased 9,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was bought 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 company’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of GBX 364 per share, with a total value of £4,972.24. In the last quarter, insiders have acquired 14,410 shares of company stock worth $5,441,572. Insiders own 5.30% of the company’s stock.

Workspace Group Company Profile

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.