Workspace Group’s (WKP) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Workspace Group (LON:WKP) in a research report sent to investors on Monday morning. The firm currently has a GBX 1,100 ($14.92) target price on the stock.
Several other equities analysts have also recently weighed in on the company. Liberum Capital raised their price objective on Workspace Group from GBX 1,050 ($14.24) to GBX 1,100 ($14.92) and gave the company a buy rating in a report on Monday, January 8th. Peel Hunt restated a buy rating and issued a GBX 1,050 ($14.24) price objective on shares of Workspace Group in a report on Thursday, January 4th. Canaccord Genuity raised their price objective on Workspace Group from GBX 875 ($11.87) to GBX 925 ($12.54) and gave the company a hold rating in a report on Friday, December 22nd. Numis Securities restated an add rating and issued a GBX 1,012 ($13.72) price objective on shares of Workspace Group in a report on Friday, December 15th. Finally, Deutsche Bank raised their price objective on 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. 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’s stock. The stock currently has an average rating of Hold and an average target price of GBX 1,012.63 ($13.73).
Shares of Workspace Group (LON:WKP) traded down GBX 1 ($0.01) during midday trading on Monday, hitting GBX 985 ($13.36). The stock had a trading volume of 145,309 shares, compared to its average volume of 184,038. The company has a market cap of $1,610.00 and a PE ratio of 794.35. Workspace Group has a 12 month low of GBX 735.50 ($9.97) and a 12 month high of GBX 1,029 ($13.95).
Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). The company had revenue of GBX 6,150 million during the quarter. Workspace Group had a return on equity of 15.14% and a net margin of 201.14%.
The company also recently announced a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, January 11th will be paid a GBX 8.84 ($0.12) dividend. The ex-dividend date is Thursday, January 11th. This represents a yield of 0.96%.
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About Workspace Group
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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