Workspace Group (LON:WKP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Workspace Group Plc (LON:WKPGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 395.75 and traded as low as GBX 368.80. Workspace Group shares last traded at GBX 371.61, with a volume of 324,211 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 487 price objective on shares of Workspace Group in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 489.25.

Read Our Latest Research Report on WKP

Workspace Group Stock Up 0.5%

The business has a 50-day moving average of GBX 388.68 and a 200-day moving average of GBX 395.70. The company has a debt-to-equity ratio of 61.92, a quick ratio of 0.11 and a current ratio of 1.47. The stock has a market capitalization of £735.70 million, a price-to-earnings ratio of -9.69, a P/E/G ratio of 1.54 and a beta of 1.15.

About Workspace Group

(Get Free Report)

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.

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