Workspace Group (LON:WKP) Price Target Lowered to GBX 410 at JPMorgan Chase & Co.

Workspace Group (LON:WKP) had its target price cut by equities researchers at JPMorgan Chase & Co. from GBX 500 to GBX 410 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 25.25% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reduced their target price 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. Jefferies Financial Group restated a “buy” rating and set a GBX 424 target price on shares of Workspace Group in a research report on Friday, May 8th. Berenberg Bank restated a “buy” rating and set a GBX 503 target price on shares of Workspace Group in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 400 target price on shares of Workspace Group in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Workspace Group presently has an average rating of “Moderate Buy” and an average target price of GBX 456.17.

Workspace Group Price Performance

Workspace Group stock opened at GBX 327.36 on Tuesday. Workspace Group has a 52 week low of GBX 312 and a 52 week high of GBX 434.38. The business has a 50-day simple moving average of GBX 344.45 and a 200 day simple moving average of GBX 378.77. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. The stock has a market cap of £629.47 million, a price-to-earnings ratio of -8.29, a PEG ratio of 1.54 and a beta of 1.11.

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.