Workspace Group (WKP) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Workspace Group (LON:WKP) in a research note published on Thursday morning. They currently have a GBX 1,050 ($14.04) price objective on the stock.

Several other equities analysts have also commented on the company. Liberum Capital reissued a buy rating and set a GBX 1,050 ($14.04) price target on shares of Workspace Group in a research report on Wednesday, November 8th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,080 ($14.44) price target on shares of Workspace Group in a research report on Thursday, November 9th. Numis Securities reissued an add rating and set a GBX 1,012 ($13.53) price target on shares of Workspace Group in a research report on Friday, December 15th. Canaccord Genuity boosted their price target on Workspace Group from GBX 875 ($11.70) to GBX 925 ($12.37) and gave the stock a hold rating in a research report on Friday, December 22nd. Finally, Berenberg Bank boosted their price target on Workspace Group from GBX 1,050 ($14.04) to GBX 1,080 ($14.44) and gave the stock a buy rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 985.38 ($13.18).

Workspace Group (LON:WKP) traded up GBX 26.50 ($0.35) during midday trading on Thursday, hitting GBX 1,013 ($13.54). The stock had a trading volume of 222,566 shares, compared to its average volume of 169,917. The firm has a market cap of $1,620.00 and a price-to-earnings ratio of 816.94. Workspace Group has a fifty-two week low of GBX 735.50 ($9.83) and a fifty-two week high of GBX 1,014 ($13.56).

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, beating the consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). The business had revenue of GBX 6,150 million for the quarter. Workspace Group had a return on equity of 15.14% and a net margin of 201.14%.

The firm also recently announced a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, January 11th will be given a GBX 8.84 ($0.12) dividend. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, January 11th.

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Workspace Group Company Profile

Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.

Analyst Recommendations for Workspace Group (LON:WKP)

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