Workspace Group (LON:WKP) Price Target Raised to GBX 427 at Berenberg Bank

Workspace Group (LON:WKP) had its price objective boosted by stock analysts at Berenberg Bank from GBX 401 to GBX 427 in a report released on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 22.91% from the stock’s previous close.

WKP has been the topic of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 400 target price on shares of Workspace Group in a research report on Thursday, June 11th. Stifel Nicolaus lowered their target price on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Workspace Group currently has an average rating of “Moderate Buy” and an average target price of GBX 440.50.

Workspace Group Trading Down 0.3%

WKP stock opened at GBX 347.40 on Thursday. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The company’s 50 day moving average is GBX 343.75 and its two-hundred day moving average is GBX 377.16. The stock has a market cap of £668.01 million, a P/E ratio of -8.79, a PEG ratio of 1.54 and a beta of 1.09.

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. The company had revenue of £181.40 million for the quarter. On average, equities research analysts predict 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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.