Workspace Group (LON:WKP) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Workspace Group Plc (LON:WKP)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 409.55 and traded as high as GBX 415. Workspace Group shares last traded at GBX 415, with a volume of 116,823 shares changing hands.

Analysts Set New Price Targets

WKP has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of Workspace Group from GBX 500 to GBX 516 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 500 price objective on shares of Workspace Group in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workspace Group presently has an average rating of “Buy” and a consensus target price of GBX 508.

Workspace Group Stock Performance

The company’s 50-day moving average price is GBX 400.05 and its 200 day moving average price is GBX 409.55. The stock has a market capitalization of £792.09 million, a PE ratio of 147.14, a PEG ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

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.