Workspace Group (LON:WKP) Releases Earnings Results

Workspace Group (LON:WKP) released its quarterly earnings data on Wednesday. The company reported GBX (37) EPS 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 Trading Down 5.2%

Shares of WKP stock opened at GBX 381.50 on Wednesday. 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 £733.45 million, a price-to-earnings ratio of 136.25, a PEG ratio of 1.54 and a beta of 1.04. Workspace Group has a 1 year low of GBX 368 and a 1 year high of GBX 569. The firm has a fifty day moving average price of GBX 401.02 and a 200-day moving average price of GBX 408.22.

Analyst Ratings Changes

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

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.