Workspace Group’s (WKP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Workspace Group (LON:WKP) in a research report report published on Thursday,Digital Look reports. They currently have a GBX 367 target price on the stock.

A number of other brokerages have also issued reports on WKP. Peel Hunt restated a “hold” rating and issued a GBX 350 price target on shares of Workspace Group in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Finally, 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 407.50.

Workspace Group Trading Up 2.1%

Shares of WKP opened at GBX 351.60 on Thursday. The stock has a fifty day moving average of GBX 361.52 and a two-hundred day moving average of GBX 350.61. Workspace Group has a fifty-two week low of GBX 312 and a fifty-two week high of GBX 434.38. The company has a market capitalization of £677.35 million, a PE ratio of -5.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a debt-to-equity ratio of 59.71, a quick ratio of 0.11 and a current ratio of 0.42.

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.