Workspace Group (LON:WKP) Releases Earnings Results

Workspace Group (LON:WKP) released its quarterly earnings data on Wednesday. The company reported GBX (37) EPS for the quarter, Digital Look Earnings reports. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%.

Workspace Group Trading Down 5.1%

LON:WKP opened at GBX 382 on Wednesday. The company has a 50-day moving average price of GBX 401.02 and a 200-day moving average price of GBX 408.22. Workspace Group has a 12 month low of GBX 368 and a 12 month 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 stock has a market cap of £734.41 million, a price-to-earnings ratio of 136.43, a P/E/G ratio of 1.54 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WKP shares. Peel Hunt restated a “buy” rating and issued a GBX 500 price objective on shares of Workspace Group in a research report on Thursday, October 16th. Jefferies Financial Group boosted their price target on shares of Workspace Group from GBX 500 to GBX 516 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 508.

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.