Workspace Group (LON:WKP) Price Target Cut to GBX 490 by Analysts at Jefferies Financial Group

Workspace Group (LON:WKP) had its price objective decreased by equities research analysts at Jefferies Financial Group from GBX 516 to GBX 490 in a report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 32.08% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 500 target price on shares of Workspace Group in a research note on Thursday, October 16th. Berenberg Bank reissued a “buy” rating and set a GBX 403 target price on shares of Workspace Group in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 464.33.

Workspace Group Stock Performance

WKP stock traded down GBX 10 during midday trading on Thursday, reaching GBX 371. 825,343 shares of the company were exchanged, compared to its average volume of 853,749. The firm has a market capitalization of £713.27 million, a price-to-earnings ratio of 132.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The business has a 50-day moving average price of GBX 400.82 and a two-hundred day moving average price of GBX 408.03. Workspace Group has a one year low of GBX 368 and a one year high of GBX 569. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11.

Workspace Group (LON:WKP) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. Equities research analysts forecast that Workspace Group will post 36.7630058 EPS for the current year.

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.