Workspace Group (LON:WKP) Price Target Lowered to GBX 410 at JPMorgan Chase & Co.

Workspace Group (LON:WKP) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from GBX 500 to GBX 410 in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 25.25% from the company’s current price.

A number of other research firms have also weighed in on WKP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 400 target price on shares of Workspace Group in a research note on Monday, May 11th. Stifel Nicolaus lowered their target price on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research note on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 424 target price on shares of Workspace Group in a research note on Friday, May 8th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 503 target price on shares of Workspace Group in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 456.17.

Workspace Group Price Performance

WKP opened at GBX 327.36 on Tuesday. The stock has a 50-day moving average price of GBX 344.45 and a 200-day moving average price of GBX 378.77. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38. The company has a current ratio of 1.47, a quick ratio of 0.11 and a debt-to-equity ratio of 61.92. The stock has a market capitalization of £629.47 million, a P/E ratio of -8.29, a PEG ratio of 1.54 and a beta of 1.11.

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.