Workspace Group (LON:WKP) Given Buy Rating at Berenberg Bank

Workspace Group (LON:WKP)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 401 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 25.39% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus decreased their price objective on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a report on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 424 price objective on shares of Workspace Group in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 400 price objective on shares of Workspace Group in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 439.17.

Workspace Group Trading Down 4.1%

Shares of LON WKP opened at GBX 319.80 on Wednesday. The firm’s 50 day moving average price is GBX 344.35 and its 200-day moving average price is GBX 378.42. The company has a market cap of £614.94 million, a PE ratio of -8.10, a P/E/G ratio of 1.54 and a beta of 1.11. Workspace Group has a 52-week low of GBX 312 and a 52-week high of GBX 434.38. The company has a debt-to-equity ratio of 61.92, a quick ratio of 0.11 and a current ratio of 1.47.

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.