Workspace Group Plc (LON:WKP) Receives GBX 415.50 Average PT from Brokerages

Workspace Group Plc (LON:WKP) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 415.50.

WKP has been the topic of a number of analyst reports. Peel Hunt reiterated a “hold” rating and issued a GBX 350 target price on shares of Workspace Group in a research report on Friday, July 24th. 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Stifel Nicolaus reduced their price target on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research report on Friday, April 17th. Finally, Berenberg Bank raised their price objective on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th.

Workspace Group Stock Down 0.1%

Shares of LON WKP opened at GBX 360.80 on Wednesday. Workspace Group has a 1 year low of GBX 312 and a 1 year high of GBX 434.38. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11. The stock has a market capitalization of £695.08 million, a P/E ratio of -5.76, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a 50-day moving average price of GBX 343.30 and a 200-day moving average price of GBX 365.95.

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