Analysts Set Workspace Group plc (WKP) Target Price at $1,045.17
Shares of Workspace Group plc (LON:WKP) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,035 ($13.40).
WKP has been the subject of several recent research reports. Liberum Capital raised their price objective on Workspace Group from GBX 1,100 ($14.24) to GBX 1,225 ($15.86) and gave the company a “buy” rating in a research report on Tuesday, June 12th. Deutsche Bank raised Workspace Group to a “buy” rating and lifted their price target for the stock from GBX 1,080 ($13.98) to GBX 1,200 ($15.53) in a research report on Tuesday, May 1st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,050 ($13.59) price target on shares of Workspace Group in a research report on Monday, April 23rd. Berenberg Bank reaffirmed a “hold” rating on shares of Workspace Group in a research report on Tuesday, June 5th. Finally, Deutsche Bank lowered Workspace Group to a “hold” rating and set a GBX 1,200 ($15.53) price target for the company. in a research report on Tuesday, May 29th.
In other Workspace Group news, insider Christopher Pieroni sold 16,131 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of GBX 1,079 ($13.97), for a total transaction of £174,053.49 ($225,311.96). Also, insider Jamie Hopkins sold 15,000 shares of Workspace Group stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of GBX 1,091 ($14.12), for a total value of £163,650 ($211,844.66).
Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, June 6th. The company reported GBX 36.80 ($0.48) EPS for the quarter, beating the consensus estimate of GBX 36.40 ($0.47) by GBX 0.40 ($0.01). Workspace Group had a return on equity of 15.14% and a net margin of 201.14%.
The firm also recently disclosed a dividend, which was paid on Friday, August 3rd. Investors of record on Thursday, July 5th were issued a GBX 18.55 ($0.24) dividend. This represents a yield of 1.64%. This is an increase from Workspace Group’s previous dividend of $8.84. The ex-dividend date was Thursday, July 5th.
About Workspace Group
Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.7 million sq.
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