Workspace Group plc’s (LON:WKP) “Buy” Rating Reaffirmed at Peel Hunt
Other equities research analysts also recently issued reports about the stock. Liberum Capital reissued a buy rating and issued a GBX 850 ($11.10) price objective on shares of Workspace Group plc in a research report on Wednesday, June 7th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 900 ($11.75) price target on shares of Workspace Group plc in a research note on Thursday, April 13th. Finally, Jefferies Group LLC increased their price target on shares of Workspace Group plc from GBX 600 ($7.83) to GBX 666 ($8.70) and gave the stock an underperform rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Workspace Group plc currently has an average rating of Hold and an average target price of GBX 851.86 ($11.12).
Shares of Workspace Group plc (WKP) traded up 2.57% during midday trading on Friday, reaching GBX 897.00. The company’s stock had a trading volume of 144,743 shares. The firm’s market capitalization is GBX 1.46 billion. The stock has a 50-day moving average of GBX 887.89 and a 200 day moving average of GBX 813.37. Workspace Group plc has a 12-month low of GBX 615.00 and a 12-month high of GBX 959.00.
The company also recently declared a dividend, which will be paid on Monday, August 7th. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 14.27 ($0.19) per share. The ex-dividend date of this dividend is Thursday, July 6th. This is an increase from Workspace Group plc’s previous dividend of $6.80. This represents a dividend yield of 1.63%.
In related news, insider Graham Clemett sold 38,693 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of GBX 895 ($11.69), for a total value of £346,302.35 ($452,209.91).
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.
Receive News & Ratings for Workspace Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workspace Group plc and related companies with MarketBeat.com's FREE daily email newsletter.