Workspace Group (LON:WKP) Issues Quarterly Earnings Results

Workspace Group (LON:WKP) issued its quarterly earnings results on Wednesday. The company reported GBX (37) earnings per share for the quarter, Digital Look Earnings reports. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%.

Workspace Group Stock Performance

WKP opened at GBX 381.50 on Wednesday. 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 stock has a market capitalization of £733.45 million, a price-to-earnings ratio of 136.25, a PEG ratio of 1.54 and a beta of 1.04. The company has a fifty day moving average of GBX 401.02 and a 200 day moving average of GBX 408.22. Workspace Group has a fifty-two week low of GBX 368 and a fifty-two week high of GBX 569.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WKP shares. Peel Hunt restated a “buy” rating and set a GBX 500 target price on shares of Workspace Group in a research note on Thursday, October 16th. Jefferies Financial Group raised their price target on Workspace Group from GBX 500 to GBX 516 and gave the company a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 508.

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.