Workspace Group (LON:WKP) Price Target Cut to GBX 1,025 by Analysts at JPMorgan Chase & Co.

Workspace Group (LON:WKP) had its target price decreased by JPMorgan Chase & Co. from GBX 1,100 ($14.37) to GBX 1,025 ($13.39) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank lifted their target price on shares of Workspace Group from GBX 1,000 ($13.07) to GBX 1,200 ($15.68) and gave the stock a buy rating in a research note on Wednesday, April 24th. Peel Hunt reissued a hold rating on shares of Workspace Group in a research note on Wednesday, May 8th. Numis Securities reissued an add rating and set a GBX 1,050 ($13.72) target price on shares of Workspace Group in a research note on Wednesday, June 5th. Liberum Capital reissued a buy rating on shares of Workspace Group in a research note on Wednesday, June 5th. Finally, Berenberg Bank reissued a hold rating and set a GBX 900 ($11.76) target price on shares of Workspace Group in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 1,047.50 ($13.69).

Shares of LON WKP opened at GBX 862.50 ($11.27) on Wednesday. Workspace Group has a twelve month low of GBX 778 ($10.17) and a twelve month high of GBX 1,170 ($15.29). The firm has a market cap of $1.56 billion and a P/E ratio of 9.82. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 27.24.

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be paid a dividend of GBX 22.26 ($0.29) per share. This represents a yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Workspace Group’s previous dividend of $10.61. Workspace Group’s dividend payout ratio (DPR) is currently 0.33%.

Workspace Group Company Profile

Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.

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Analyst Recommendations for Workspace Group (LON:WKP)

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