Workspace Group plc (LON:WKP) Earns “Add” Rating from Numis Securities Ltd

Workspace Group plc (LON:WKP)‘s stock had its “add” rating reaffirmed by equities researchers at Numis Securities Ltd in a research note issued to investors on Friday, July 14th. They currently have a GBX 1,012 ($13.18) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 12.20% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 1,000 ($13.02) target price on shares of Workspace Group plc in a research note on Friday, July 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 950 ($12.37) target price on shares of Workspace Group plc in a research note on Friday, July 14th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 900 ($11.72) price target on shares of Workspace Group plc in a research report on Thursday, April 13th. Finally, Jefferies Group LLC lifted their price target on shares of Workspace Group plc from GBX 600 ($7.81) to GBX 666 ($8.67) and gave the company an “underperform” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Workspace Group plc presently has a consensus rating of “Hold” and an average price target of GBX 876.63 ($11.42).

Shares of Workspace Group plc (LON:WKP) traded down 0.22% during trading on Friday, reaching GBX 902.00. 72,024 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 897.42 and a 200-day moving average of GBX 838.98. The company’s market capitalization is GBX 1.47 billion. Workspace Group plc has a 1-year low of GBX 615.00 and a 1-year high of GBX 959.00.

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In other Workspace Group plc news, insider Graham Clemett sold 38,693 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of GBX 895 ($11.66), for a total value of £346,302.35 ($450,973.24). Also, insider Jamie Hopkins sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of GBX 913 ($11.89), for a total transaction of £273,900 ($356,687.07).

About Workspace Group plc

Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.

Analyst Recommendations for Workspace Group plc (LON:WKP)

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