Workspace Group’s (WKP) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Workspace Group (LON:WKP) in a research note released on Thursday morning. The brokerage currently has a GBX 1,050 ($14.51) target price on the stock.
Other research analysts have also recently issued research reports about the stock. Numis Securities reaffirmed an add rating and issued a GBX 1,096 ($15.14) price target on shares of Workspace Group in a report on Friday, January 19th. Liberum Capital reissued a buy rating and issued a GBX 1,100 ($15.20) target price on shares of Workspace Group in a research note on Monday. Canaccord Genuity increased their target price on Workspace Group from GBX 875 ($12.09) to GBX 925 ($12.78) and gave the company a hold rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,100 ($15.20) target price on shares of Workspace Group in a research note on Monday, January 15th. Finally, Jefferies Group reissued an underperform rating and issued a GBX 750 ($10.36) target price on shares of Workspace Group in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Workspace Group currently has an average rating of Hold and an average price target of GBX 1,012.63 ($13.99).
Workspace Group stock traded down GBX 6.50 ($0.09) during trading on Thursday, hitting GBX 986.50 ($13.63). 85,584 shares of the stock traded hands, compared to its average volume of 168,295. The company has a market capitalization of $1,610.00 and a PE ratio of 795.56. Workspace Group has a 52-week low of GBX 748 ($10.33) and a 52-week high of GBX 1,040.50 ($14.38).
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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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