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

Workspace Group (LON:WKP) had its target price increased by stock analysts at Berenberg Bank from GBX 401 to GBX 427 in a note issued to investors 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 company’s previous close.

Several other analysts have also recently issued reports on WKP. Stifel Nicolaus reduced their price target 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. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 406 price target on shares of Workspace Group in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 400 price target on shares of Workspace Group in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 440.50.

Workspace Group Stock Performance

Shares of WKP opened at GBX 347.40 on Thursday. The stock has a market capitalization of £668.01 million, a PE ratio of -8.79, a P/E/G ratio of 1.54 and a beta of 1.09. Workspace Group has a 1 year low of GBX 312 and a 1 year high of GBX 434.38. The company’s 50-day simple moving average is GBX 343.75 and its 200-day simple moving average is GBX 377.16.

Workspace Group (LON:WKP) last issued its quarterly earnings results on Wednesday, June 10th. The company reported GBX 31.30 earnings per share (EPS) for the quarter. The business had revenue of £181.40 million for the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. On average, sell-side analysts predict that Workspace Group will post 36.7630058 earnings per share for the current year.

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.