Workspace Group (LON:WKP) Given “Buy” Rating at Berenberg Bank

Workspace Group (LON:WKP)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 403 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 5.77% from the stock’s current price.

WKP has been the topic of a number of other reports. Peel Hunt reissued 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 target price 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 473.

Workspace Group Stock Down 5.3%

Shares of WKP traded down GBX 21.50 during midday trading on Wednesday, hitting GBX 381. The company had a trading volume of 26,759,021 shares, compared to its average volume of 962,128. Workspace Group has a 1 year low of GBX 368 and a 1 year high of GBX 569. The firm has a market capitalization of £732.49 million, a P/E ratio of 136.07, a P/E/G ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23. The company’s 50-day simple moving average is GBX 401.02 and its 200-day simple moving average is GBX 408.22.

Workspace Group (LON:WKP) last released its earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. As a group, sell-side analysts expect that Workspace Group will post 36.7630058 EPS 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.