Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 400 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 18.62% from the stock’s previous close.

WKP has been the topic of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 503 target price on shares of Workspace Group in a research report on Friday, April 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 424 price objective on shares of Workspace Group in a research note on Friday. Finally, Stifel Nicolaus cut their price objective on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 465.40.

Workspace Group Price Performance

WKP opened at GBX 337.20 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.11 and a debt-to-equity ratio of 61.92. The company has a market cap of £648.40 million, a price-to-earnings ratio of -8.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The stock has a fifty day simple moving average of GBX 366.72 and a two-hundred day simple moving average of GBX 390.16. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 457.

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.