Berenberg Bank Reiterates Buy Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 403 price target on the stock. Berenberg Bank’s price target points to a potential upside of 5.77% from the stock’s current price.

Several other brokerages also recently weighed in on WKP. Jefferies Financial Group increased their price target on Workspace Group from GBX 500 to GBX 516 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Peel Hunt restated a “buy” rating and issued a GBX 500 target price on shares of Workspace Group in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Workspace Group has an average rating of “Buy” and an average price target of GBX 473.

Workspace Group Stock Performance

WKP stock traded down GBX 21.50 during trading on Wednesday, hitting GBX 381. The company had a trading volume of 26,759,021 shares, compared to its average volume of 962,128. The firm has a 50-day moving average price of GBX 401.02 and a 200-day moving average price of GBX 408.22. The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43. The firm has a market cap of £732.49 million, a PE ratio of 136.07, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. Workspace Group has a 1-year low of GBX 368 and a 1-year high of GBX 569.

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