Workspace Group Plc (LON:WKP) Given Consensus Rating of “Moderate Buy” by Brokerages

Workspace Group Plc (LON:WKP) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 456.17.

A number of brokerages recently issued reports on WKP. Stifel Nicolaus lowered their price objective on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a research report on Friday, April 17th. Berenberg Bank restated a “buy” rating and issued a GBX 503 target price on shares of Workspace Group in a research note on Friday, April 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 424 price target on shares of Workspace Group in a report on Friday, May 8th. JPMorgan Chase & Co. dropped their price target on Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 400 price objective on shares of Workspace Group in a research report on Monday, May 11th.

Workspace Group Trading Down 0.9%

Shares of WKP stock opened at GBX 327.63 on Tuesday. Workspace Group has a 1 year low of GBX 312 and a 1 year high of GBX 434.38. The company’s fifty day simple moving average is GBX 344.45 and its two-hundred day simple moving average is GBX 378.77. The company has a debt-to-equity ratio of 61.92, a current ratio of 1.47 and a quick ratio of 0.11. The stock has a market capitalization of £630.00 million, a price-to-earnings ratio of -8.29, a PEG ratio of 1.54 and a beta of 1.11.

About Workspace Group

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.