Brokerages Set Workspace Group Plc (LON:WKP) PT at GBX 440.50

Workspace Group Plc (LON:WKP) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 440.50.

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Berenberg Bank lifted their price target on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 406 price objective on shares of Workspace Group in a research note on Thursday, June 11th.

Workspace Group Stock Performance

Shares of LON:WKP traded up GBX 11.05 during midday trading on Friday, hitting GBX 342.65. The company had a trading volume of 684,094 shares, compared to its average volume of 2,603,126. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11. The company has a market cap of £660.12 million, a price-to-earnings ratio of -5.47, a PEG ratio of 1.54 and a beta of 1.08. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38. The company has a fifty day moving average of GBX 337.14 and a two-hundred day moving average of GBX 371.87.

Workspace Group (LON:WKP) last released its earnings results on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%.The company had revenue of £181.40 million for the quarter. On average, equities research analysts expect that Workspace Group will post 36.7630058 EPS for the current fiscal 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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.