Peel Hunt Reiterates “Buy” Rating for Workspace Group Plc (WKP)
Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 850 ($10.45) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 8.97% from the company’s current price.
A number of other analysts also recently weighed in on WKP. Deutsche Bank AG downgraded Workspace Group Plc to a “hold” rating and dropped their target price for the stock from GBX 1,075 ($13.21) to GBX 660 ($8.11) in a research report on Tuesday, September 13th. Liberum Capital restated a “buy” rating and issued a GBX 1,050 ($12.90) target price on shares of Workspace Group Plc in a research report on Monday, September 19th. GMP Securities restated a “buy” rating on shares of Workspace Group Plc in a research report on Tuesday, October 11th. Jefferies Group dropped their target price on Workspace Group Plc from GBX 665 ($8.17) to GBX 629 ($7.73) and set a “hold” rating for the company in a research report on Thursday, October 27th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 743 ($9.13) target price on shares of Workspace Group Plc in a research report on Wednesday, November 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Workspace Group Plc presently has an average rating of “Buy” and a consensus target price of GBX 848.56 ($10.43).
Shares of Workspace Group Plc (LON:WKP) opened at 780.00 on Thursday. The stock’s market cap is GBX 1.27 billion. The company has a 50 day moving average of GBX 723.60 and a 200 day moving average of GBX 691.01. Workspace Group Plc has a 12 month low of GBX 569.00 and a 12 month high of GBX 978.00.
The business also recently disclosed a dividend, which will be paid on Tuesday, February 7th. Shareholders of record on Thursday, January 12th will be given a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 1.01%.
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