Workspace Group (LON:WKP) Price Target Lowered to GBX 400 at Deutsche Bank Aktiengesellschaft

Workspace Group (LON:WKP) had its price target dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 480 to GBX 400 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 21.43% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a research report on Thursday, June 11th. Berenberg Bank boosted their price objective on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus dropped their price objective 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 target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 440.50.

Workspace Group Trading Down 0.5%

Shares of LON:WKP traded down GBX 1.60 during mid-day trading on Tuesday, reaching GBX 329.40. The company had a trading volume of 1,320,988 shares, compared to its average volume of 2,371,135. The firm has a market cap of £633.40 million, a price-to-earnings ratio of -8.34, a PEG ratio of 1.54 and a beta of 1.09. The company’s 50-day moving average price is GBX 341.85 and its 200-day moving average price is GBX 376.26. Workspace Group has a one year low of GBX 312 and a one year high of GBX 434.38.

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

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.