Workspace Group Plc (LON:WKP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Workspace Group Plc (LON:WKP) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 415.50.

A number of research firms recently weighed in on WKP. Peel Hunt reissued a “hold” rating and set a GBX 350 target price on shares of Workspace Group in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Berenberg Bank lifted their price objective on shares of Workspace Group from GBX 401 to GBX 427 and gave the stock a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. decreased their price objective on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a report on Tuesday, June 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 406 price objective on shares of Workspace Group in a research report on Thursday, June 11th.

Workspace Group Price Performance

Shares of LON WKP opened at GBX 349.78 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71. The business’s 50 day moving average price is GBX 341.58 and its two-hundred day moving average price is GBX 368. The company has a market cap of £673.84 million, a PE ratio of -5.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38.

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