Peel Hunt Reiterates “Buy” Rating for Workspace Group Plc (WKP)
Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Monday. They presently have a GBX 850 ($11.32) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 22.66% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Jefferies Group reissued a “hold” rating and set a GBX 765 ($10.19) price objective on shares of Workspace Group Plc in a report on Wednesday, June 15th. Numis Securities Ltd reduced their target price on shares of Workspace Group Plc from GBX 861 ($11.47) to GBX 743 ($9.90) and set a “hold” rating on the stock in a research note on Tuesday, August 16th. Deutsche Bank AG lowered shares of Workspace Group Plc to a “hold” rating and reduced their target price for the company from GBX 1,075 ($14.32) to GBX 660 ($8.79) in a research note on Tuesday, September 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,100 ($14.65) price target on shares of Workspace Group Plc in a research report on Thursday, June 9th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,100 ($14.65) price target on shares of Workspace Group Plc in a research report on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 910.20 ($12.12).
Workspace Group Plc (LON:WKP) opened at 690.00 on Monday. The stock has a 50 day moving average of GBX 688.07 and a 200 day moving average of GBX 752.33. Workspace Group Plc has a 12-month low of GBX 569.00 and a 12-month high of GBX 989.50. The firm’s market capitalization is GBX 1.12 billion.
In related news, insider Hubbard,Stephen acquired 7,140 shares of Workspace Group Plc stock in a transaction on Monday, July 18th. The stock was purchased at an average cost of GBX 692 ($9.22) per share, with a total value of £49,408.80 ($65,808.20). Also, insider Clemett,Graham acquired 4,922 shares of Workspace Group Plc stock in a transaction on Wednesday, June 22nd. The shares were bought at an average cost of GBX 840 ($11.19) per share, with a total value of £41,344.80 ($55,067.66).
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