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

Workspace Group Plc (LON:WKP) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 440.50.

A number of research firms have recently commented on WKP. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Stifel Nicolaus decreased their price target 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a research report on Thursday, June 11th. Berenberg Bank increased their price objective on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a research report on Tuesday, June 9th.

Workspace Group Price Performance

Shares of WKP stock opened at GBX 333.80 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The company has a market cap of £641.86 million, a P/E ratio of -8.45, a P/E/G ratio of 1.54 and a beta of 1.09. The business has a fifty day simple moving average of GBX 338.03 and a 200 day simple moving average of GBX 373.80.

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%.The business had revenue of £181.40 million for the quarter. On average, sell-side analysts forecast that Workspace Group will post 36.7630058 EPS for the current fiscal year.

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.