Workspace Group plc (LON:WKP) Coverage Initiated by Analysts at Berenberg Bank
Berenberg Bank started coverage on shares of Workspace Group plc (LON:WKP) in a research note issued to investors on Thursday, Marketbeat reports. The brokerage issued a buy rating and a GBX 1,050 ($13.68) target price on the stock.
A number of other research analysts have also recently issued reports on WKP. Peel Hunt reaffirmed a buy rating and issued a GBX 950 ($12.38) price target on shares of Workspace Group plc in a report on Friday, July 14th. Liberum Capital reissued a buy rating and set a GBX 1,000 ($13.03) price objective on shares of Workspace Group plc in a report on Friday, July 14th. Numis Securities Ltd reissued an add rating and set a GBX 1,012 ($13.18) price objective on shares of Workspace Group plc in a report on Friday, July 14th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 900 ($11.72) price objective on shares of Workspace Group plc in a report on Thursday, June 8th. Finally, Jefferies Group LLC boosted their price objective on Workspace Group plc from GBX 600 ($7.82) to GBX 666 ($8.68) and gave the stock an underperform rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Workspace Group plc currently has a consensus rating of Hold and an average price target of GBX 876.63 ($11.42).
Workspace Group plc (WKP) opened at 921.00 on Thursday. The stock’s 50 day moving average is GBX 900.43 and its 200 day moving average is GBX 831.66. The company’s market cap is GBX 1.50 billion. Workspace Group plc has a 52-week low of GBX 615.00 and a 52-week high of GBX 959.00.
The firm also recently disclosed a dividend, which will be paid on Monday, August 7th. Investors of record on Thursday, July 6th will be given a GBX 14.27 ($0.19) dividend. The ex-dividend date is Thursday, July 6th. This is a positive change from Workspace Group plc’s previous dividend of $6.80. This represents a dividend yield of 1.63%.
In related news, insider Graham Clemett sold 38,693 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of GBX 895 ($11.66), for a total value of £346,302.35 ($451,149.49).
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.
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