Workspace Group (LON:WKP) Price Target Lowered to GBX 500 at Stifel Nicolaus

Workspace Group (LON:WKP) had its target price dropped by equities research analysts at Stifel Nicolaus from GBX 550 to GBX 500 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 42.61% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 503 target price on shares of Workspace Group in a report on Friday. Jefferies Financial Group reissued a “buy” rating and set a GBX 493 target price on shares of Workspace Group in a report on Friday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Workspace Group presently has a consensus rating of “Buy” and a consensus price target of GBX 495.20.

Workspace Group Price Performance

Shares of Workspace Group stock traded down GBX 23 during midday trading on Friday, hitting GBX 350.60. 2,461,675 shares of the company traded hands, compared to its average volume of 1,097,991. The stock has a market cap of £674.17 million, a price-to-earnings ratio of -8.88, a PEG ratio of 1.54 and a beta of 1.15. 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 firm’s fifty day moving average price is GBX 386.83 and its 200-day moving average price is GBX 395.45. Workspace Group has a 12 month low of GBX 312 and a 12 month high of GBX 459.

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.