Workspace Group (LON:WKP) Given “Hold” Rating at Jefferies Financial Group

Workspace Group (LON:WKP)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 367 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 6.81% from the company’s previous close.

A number of other brokerages also recently issued reports on WKP. Berenberg Bank lifted their price target on Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. Peel Hunt reaffirmed a “hold” rating and set a GBX 350 price objective on shares of Workspace Group in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Workspace Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 409.

Workspace Group Trading Down 6.2%

LON:WKP opened at GBX 343.60 on Thursday. The stock’s fifty day moving average price is GBX 362.11 and its two-hundred day moving average price is GBX 350.55. Workspace Group has a 1 year low of GBX 312 and a 1 year high of GBX 434.38. The company has a market cap of £661.94 million, a P/E ratio of -5.49, a P/E/G ratio of 1.54 and a beta of 1.09. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11.

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.