Workspace Group plc’s (LON:WKP) “Buy” Rating Reaffirmed at Liberum Capital
Liberum Capital reissued their buy rating on shares of Workspace Group plc (LON:WKP) in a research report released on Friday. The brokerage currently has a GBX 1,000 ($13.19) price objective on the stock.
Several other research firms have also issued reports on WKP. Berenberg Bank began coverage on Workspace Group plc in a report on Thursday, July 27th. They set a buy rating and a GBX 1,050 ($13.85) target price on the stock. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 900 ($11.87) target price on shares of Workspace Group plc in a report on Thursday, June 8th. Peel Hunt reiterated a buy rating and set a GBX 950 ($12.53) target price on shares of Workspace Group plc in a report on Friday, July 14th. Numis Securities Ltd reiterated an add rating and set a GBX 1,012 ($13.35) target price on shares of Workspace Group plc in a report on Friday, July 14th. Finally, Jefferies Group LLC upped their target price on Workspace Group plc from GBX 600 ($7.91) to GBX 666 ($8.79) and gave the stock an underperform rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Workspace Group plc has a consensus rating of Hold and an average price target of GBX 876.63 ($11.56).
Workspace Group plc (WKP) opened at 908.50 on Friday. Workspace Group plc has a one year low of GBX 615.00 and a one year high of GBX 959.00. The firm’s market cap is GBX 1.48 billion. The stock’s 50 day moving average price is GBX 900.67 and its 200-day moving average price is GBX 833.51.
The firm also recently declared a dividend, which will be paid on Monday, August 7th. Shareholders of record on Thursday, July 6th will be given a dividend of GBX 14.27 ($0.19) per share. This represents a yield of 1.63%. The ex-dividend date is Thursday, July 6th. This is an increase from Workspace Group plc’s previous dividend of $6.80.
In other Workspace Group plc news, insider Graham Clemett purchased 12,295 shares of the stock in a transaction on Monday, June 26th. The shares were purchased at an average price of GBX 914 ($12.06) per share, with a total value of £112,376.30 ($148,234.14).
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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