Shares of Workspace Group Plc (LON:WKP – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 407.50.
A number of brokerages have recently weighed in on WKP. Berenberg Bank dropped their price objective on shares of Workspace Group from GBX 427 to GBX 418 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 367 price target on shares of Workspace Group in a research report on Thursday. Finally, Peel Hunt reissued a “hold” rating and set a GBX 350 price target on shares of Workspace Group in a research report on Friday, July 24th.
Workspace Group Stock Performance
LON:WKP opened at GBX 351.60 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71. The firm has a 50-day moving average price of GBX 361.52 and a two-hundred day moving average price of GBX 350.61. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The company has a market capitalization of £677.35 million, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09.
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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.
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