Workspace Group (LON:WKP) Hits New 1-Year Low – Should You Sell?

Workspace Group Plc (LON:WKP) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 368 and last traded at GBX 374.05, with a volume of 604000 shares. The stock had previously closed at GBX 402.50.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 500 price target on shares of Workspace Group in a report on Thursday, October 16th. Jefferies Financial Group cut their price objective on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a research report on Thursday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 403 price objective on shares of Workspace Group in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Workspace Group currently has an average rating of “Buy” and a consensus target price of GBX 464.33.

Workspace Group Price Performance

The firm has a fifty day moving average of GBX 400.28 and a 200 day moving average of GBX 407.73. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The company has a market capitalization of £708.46 million, a P/E ratio of 131.61, a P/E/G ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. On average, equities research analysts anticipate that Workspace Group Plc will post 36.7630058 EPS for the current 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.