Deutsche Bank Increases Workspace Group (WKP) Price Target to GBX 1,200
Workspace Group (LON:WKP) had its price objective upped by analysts at Deutsche Bank from GBX 1,000 ($13.07) to GBX 1,200 ($15.68) in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 23.97% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Liberum Capital reissued a “buy” rating on shares of Workspace Group in a research note on Monday, April 1st. Royal Bank of Canada assumed coverage on Workspace Group in a research note on Thursday, March 28th. They issued a “sector performer” rating and a GBX 1,000 ($13.07) price objective for the company. Berenberg Bank downgraded Workspace Group to a “hold” rating and dropped their price objective for the company from GBX 1,250 ($16.33) to GBX 900 ($11.76) in a research note on Wednesday, February 13th. Peel Hunt reaffirmed a “hold” rating on shares of Workspace Group in a research note on Thursday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Workspace Group from GBX 1,200 ($15.68) to GBX 1,100 ($14.37) and set an “overweight” rating for the company in a research note on Monday, January 21st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,094.56 ($14.30).
Shares of WKP stock opened at GBX 968 ($12.65) on Wednesday. The company has a market cap of $1.74 billion and a PE ratio of 11.03. Workspace Group has a 12-month low of GBX 778 ($10.17) and a 12-month high of GBX 1,176 ($15.37). The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 27.24.
Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.
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