Workspace Group’s (WKP) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Workspace Group (LON:WKP) in a report published on Wednesday, Marketbeat reports. The brokerage currently has a GBX 403 price target on the stock.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Workspace Group from GBX 500 to GBX 516 and gave the company a “buy” rating in a report on Tuesday, October 28th. Peel Hunt restated a “buy” rating and set a GBX 500 price target on shares of Workspace Group in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 464.33.

Workspace Group Stock Up 0.8%

Shares of WKP opened at GBX 367.50 on Wednesday. The firm has a market cap of £706.54 million, a P/E ratio of 131.25, a PEG ratio of 1.54 and a beta of 1.04. Workspace Group has a 12 month low of GBX 360 and a 12 month high of GBX 569. The stock’s 50 day moving average is GBX 399.90 and its two-hundred day moving average is GBX 407.16. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43.

Workspace Group (LON:WKP) last announced its earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. Analysts predict that Workspace Group will post 36.7630058 earnings per share for the current fiscal year.

Insider Buying and Selling at Workspace Group

In related news, insider Manju Malhotra purchased 2,724 shares of the business’s stock in a transaction on Friday, November 21st. The shares were bought at an average price of GBX 367 per share, for a total transaction of £9,997.08. Also, insider David Stevenson purchased 1,366 shares of Workspace Group stock in a transaction on Friday, November 21st. The stock was bought at an average cost of GBX 364 per share, for a total transaction of £4,972.24. Insiders own 5.29% of the company’s stock.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.