Workspace Group (LON:WKP) Insider David Stevenson Purchases 1,366 Shares

Workspace Group Plc (LON:WKP) insider David Stevenson purchased 1,366 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of GBX 364 per share, for a total transaction of £4,972.24.

Workspace Group Price Performance

Shares of Workspace Group stock traded up GBX 3 during midday trading on Friday, reaching GBX 367.50. The company had a trading volume of 1,239,024 shares, compared to its average volume of 855,400. The stock has a fifty day simple moving average of GBX 400.28 and a 200 day simple moving average of GBX 407.73. Workspace Group Plc has a 1-year low of GBX 360 and a 1-year high of GBX 569. 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 £706.54 million, a price-to-earnings ratio of 131.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP) last announced its quarterly earnings data 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%. As a group, equities research analysts forecast that Workspace Group Plc will post 36.7630058 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WKP. Jefferies Financial Group cut their price target on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a report on Thursday. 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 403 price target on shares of Workspace Group in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 464.33.

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.