Workspace Group (LON:WKP) Insider Buys £34,470 in Stock

Workspace Group Plc (LON:WKP) insider Rosie Shapland acquired 9,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of GBX 383 per share, with a total value of £34,470.

Workspace Group Stock Performance

Shares of WKP stock opened at GBX 388.50 on Friday. The company’s fifty day simple moving average is GBX 394.36 and its 200-day simple moving average is GBX 400.56. Workspace Group Plc has a 52 week low of GBX 359.50 and a 52 week high of GBX 505. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The company has a market cap of £747.04 million, a PE ratio of -9.84, a P/E/G ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP) last announced its quarterly 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%. As a group, equities research analysts anticipate that Workspace Group Plc will post 36.7630058 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 500 target price on shares of Workspace Group in a research note on Thursday, October 16th. Jefferies Financial Group decreased their price target on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating for the company in a report on Thursday, November 20th. Berenberg Bank restated a “buy” rating and issued a GBX 403 price target on shares of Workspace Group in a report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating on the stock in a research note on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 468.25.

Workspace Group Company Profile

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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.