Workspace Group’s (WKP) Hold Rating Reiterated at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Workspace Group (LON:WKP) in a research note released on Friday morning,Digital Look reports. The firm currently has a GBX 350 price target on the stock.

A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Stifel Nicolaus cut their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a report on Friday, April 17th. Berenberg Bank increased their price objective on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 406 price objective on shares of Workspace Group in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Workspace Group has an average rating of “Moderate Buy” and a consensus target price of GBX 415.50.

Workspace Group Stock Performance

Shares of LON:WKP opened at GBX 351.24 on Friday. The company has a market cap of £676.66 million, a P/E ratio of -5.61, a P/E/G ratio of 1.54 and a beta of 1.08. The stock’s 50-day moving average is GBX 340.56 and its 200-day moving average is GBX 368.72. 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 59.71, a quick ratio of 0.11 and a current ratio of 0.42.

Workspace Group (LON:WKP) last posted its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 EPS for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%.The business had revenue of £181.40 million for the quarter. Equities research analysts predict that Workspace Group will post 36.7630058 earnings per share for the current year.

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.