Liberum Capital Reiterates “Buy” Rating for Workspace Group plc (WKP)
Workspace Group plc (LON:WKP)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research report issued on Wednesday. They currently have a GBX 1,050 ($13.58) price objective on the stock. Liberum Capital’s target price would suggest a potential upside of 20.55% from the stock’s previous close.
Several other equities analysts have also weighed in on WKP. Peel Hunt increased their target price on Workspace Group plc from GBX 850 ($10.99) to GBX 950 ($12.29) and gave the company a “buy” rating in a research note on Wednesday, June 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 900 ($11.64) target price on shares of Workspace Group plc in a research note on Thursday, June 8th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,012 ($13.09) target price on shares of Workspace Group plc in a research note on Friday, July 14th. Finally, Berenberg Bank initiated coverage on Workspace Group plc in a research note on Thursday, July 27th. They issued a “buy” rating and a GBX 1,050 ($13.58) target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Workspace Group plc has a consensus rating of “Hold” and a consensus target price of GBX 882.88 ($11.42).
Shares of Workspace Group plc (LON:WKP) opened at 872.00 on Wednesday. Workspace Group plc has a 52 week low of GBX 615.00 and a 52 week high of GBX 959.00. The company has a 50-day moving average of GBX 890.39 and a 200-day moving average of GBX 849.57. The firm’s market capitalization is GBX 1.42 billion.
In other news, insider Jamie Hopkins sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of GBX 913 ($11.81), for a total transaction of £273,900 ($354,242.11). Also, insider Graham Clemett sold 38,693 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of GBX 895 ($11.58), for a total value of £346,302.35 ($447,881.98).
About Workspace Group plc
Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.
Receive News & Ratings for Workspace Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workspace Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.