Workspace Group Plc (LON:WKP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Workspace Group Plc (LON:WKP) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 440.50.

A number of analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 406 target price on shares of Workspace Group in a research report on Thursday, June 11th. Stifel Nicolaus dropped their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research report on Friday, April 17th. Berenberg Bank raised their price target on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut their price target on Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd.

Workspace Group Stock Performance

Shares of WKP opened at GBX 325.79 on Friday. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71. The firm has a market capitalization of £627.63 million, a P/E ratio of -5.20, a PEG ratio of 1.54 and a beta of 1.08. The firm’s 50-day moving average is GBX 337.22 and its two-hundred day moving average is GBX 372.50.

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