Workspace Group (LON:WKP) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Workspace Group Plc (LON:WKP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 361.09 and traded as high as GBX 363. Workspace Group shares last traded at GBX 361, with a volume of 256,016 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WKP. JPMorgan Chase & Co. reduced their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday, June 9th. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a report on Thursday, June 11th. Berenberg Bank boosted their price target on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a research note on Tuesday, June 23rd. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 350 price objective on shares of Workspace Group in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Workspace Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 415.50.

Workspace Group Stock Up 1.4%

The company has a debt-to-equity ratio of 59.71, a quick ratio of 0.11 and a current ratio of 0.42. The firm has a market capitalization of £695.46 million, a price-to-earnings ratio of -5.77, a PEG ratio of 1.54 and a beta of 1.08. The firm has a fifty day moving average price of GBX 349.04 and a 200 day moving average price of GBX 361.09.

Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. The firm had revenue of £181.40 million for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%. As a group, sell-side analysts expect that Workspace Group Plc 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.