Workspace Group (WKP) Reaches New 1-Year High After Analyst Upgrade
Shares of Workspace Group plc (LON:WKP) hit a new 52-week high during mid-day trading on Tuesday after Liberum Capital raised their price target on the stock from GBX 1,050 to GBX 1,100. Liberum Capital currently has a buy rating on the stock. Workspace Group traded as high as GBX 1,021 ($13.85) and last traded at GBX 1,010 ($13.70), with a volume of 126222 shares trading hands. The stock had previously closed at GBX 1,016 ($13.78).
WKP has been the topic of a number of other reports. Numis Securities reiterated an “add” rating and issued a GBX 1,012 ($13.72) price target on shares of Workspace Group in a report on Thursday, October 19th. Berenberg Bank lifted their price target on shares of Workspace Group from GBX 1,050 ($14.24) to GBX 1,080 ($14.65) and gave the company a “buy” rating in a report on Thursday, November 9th. Deutsche Bank lifted their price target on shares of Workspace Group from GBX 660 ($8.95) to GBX 1,000 ($13.56) and gave the company a “hold” rating in a report on Monday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Workspace Group from GBX 1,080 ($14.65) to GBX 1,100 ($14.92) and gave the company an “overweight” rating in a report on Thursday, November 16th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,050 ($14.24) price target on shares of Workspace Group in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 991.63 ($13.45).
The company has a market capitalization of $1,660.00 and a price-to-earnings ratio of 814.52.
The company also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, January 11th will be issued a dividend of GBX 8.84 ($0.12) per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a yield of 0.96%.
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Workspace Group Company Profile
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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