Workspace Group plc (WKP) Given Consensus Rating of “Hold” by Brokerages
Workspace Group plc (LON:WKP) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 914.71 ($12.15).
A number of brokerages have recently weighed in on WKP. Peel Hunt reissued a “buy” rating and issued a GBX 950 ($12.62) price objective on shares of Workspace Group plc in a report on Wednesday, August 30th. Liberum Capital reissued a “buy” rating and issued a GBX 1,050 ($13.95) price objective on shares of Workspace Group plc in a report on Wednesday, August 30th. Berenberg Bank began coverage on Workspace Group plc in a report on Thursday, July 27th. They issued a “buy” rating and a GBX 1,050 ($13.95) price objective on the stock. Finally, Numis Securities Ltd reissued an “add” rating and issued a GBX 1,012 ($13.45) price objective on shares of Workspace Group plc in a report on Friday, July 14th.
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Shares of Workspace Group plc (LON WKP) traded up 0.17% on Wednesday, reaching GBX 900.50. The company’s stock had a trading volume of 140,983 shares. Workspace Group plc has a 12-month low of GBX 615.00 and a 12-month high of GBX 959.00. The stock’s market cap is GBX 1.47 billion. The firm has a 50 day moving average price of GBX 888.32 and a 200-day moving average price of GBX 878.72.
In related 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 ($12.13), for a total transaction of £273,900 ($363,938.35).
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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