Workspace Group (LON:WKP) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Workspace Group (LON:WKP) in a research note published on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 424 target price on the stock.

Several other analysts have also recently weighed in on WKP. Stifel Nicolaus dropped their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a report on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 503 price objective on shares of Workspace Group in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 465.40.

Workspace Group Trading Down 2.2%

Shares of LON:WKP opened at GBX 343 on Friday. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 457. The business has a 50 day moving average of GBX 366.72 and a 200-day moving average of GBX 390.16. 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 £659.55 million, a PE ratio of -8.68, a P/E/G ratio of 1.54 and a beta of 1.15.

Workspace Group Company Profile

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.