Workspace Group Plc (LON:WKP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Workspace Group Plc (LON:WKP) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 456.17.

Several research analysts have issued reports on WKP shares. Stifel Nicolaus cut their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a report on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 503 target price on shares of Workspace Group in a research report on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 424 target price on shares of Workspace Group in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 400 price objective on shares of Workspace Group in a report on Monday, May 11th.

Workspace Group Stock Down 0.9%

Shares of LON WKP opened at GBX 327.63 on Tuesday. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. The firm has a market cap of £630.00 million, a PE ratio of -8.29, a P/E/G ratio of 1.54 and a beta of 1.11. The company’s fifty day simple moving average is GBX 344.45 and its 200 day simple moving average is GBX 378.77.

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.