Workspace Group (LON:WKP) Sets New 1-Year Low – What’s Next?

Workspace Group Plc (LON:WKP) reached a new 52-week low on Wednesday . The company traded as low as GBX 368 and last traded at GBX 374.05, with a volume of 604000 shares. The stock had previously closed at GBX 402.50.

Wall Street Analysts Forecast Growth

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

Workspace Group Trading Down 5.5%

The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The company has a market cap of £731.53 million, a price-to-earnings ratio of 135.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The business’s fifty day moving average price is GBX 401.02 and its 200 day moving average price is GBX 408.22.

Workspace Group (LON:WKP) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. Research analysts anticipate that Workspace Group Plc 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.