Workspace Group (LON:WKP) Stock Gets Price Target Reduction from Berenberg Bank

Workspace Group (LON:WKP) had its price objective reduced by Berenberg Bank from GBX 427 to GBX 418 in a research report report published on Friday morning,Digital Look reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. Peel Hunt restated a “hold” rating and set a GBX 350 price objective on shares of Workspace Group in a research note on Friday, July 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 367 target price on shares of Workspace Group in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 407.50.

Workspace Group Stock Performance

LON:WKP opened at GBX 351.60 on Friday. The firm’s fifty day simple moving average is GBX 361.52 and its 200 day simple moving average is GBX 350.72. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The firm has a market capitalization of £677.35 million, a price-to-earnings ratio of -5.62, a PEG ratio of 1.54 and a beta of 1.09.

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.