Workspace Group (LON:WKP) Given Buy Rating at Berenberg Bank

Workspace Group (LON:WKP)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They currently have a GBX 401 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 25.39% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 424 price target on shares of Workspace Group in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 400 price target on shares of Workspace Group in a report on Monday, May 11th. Stifel Nicolaus cut their price target on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 439.17.

Workspace Group Price Performance

Shares of LON:WKP opened at GBX 319.80 on Wednesday. The stock has a market cap of £614.94 million, a PE ratio of -8.10, a PEG ratio of 1.54 and a beta of 1.11. Workspace Group has a 52 week low of GBX 312 and a 52 week high of GBX 434.38. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. The company’s fifty day moving average is GBX 344.35 and its 200 day moving average is GBX 378.42.

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.