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

Key Points

• Workspace Group received a “Moderate Buy” consensus rating from six analysts, with four issuing buy ratings and two recommending hold. The average 12-month price target is GBX 415.50, above the stock’s GBX 370 opening price.
• Recent analyst targets have varied, including Berenberg’s upgraded GBX 427 buy target, while Deutsche Bank and Peel Hunt maintained hold ratings with targets of GBX 400 and GBX 350, respectively.
• Shares rose 1.0% and are trading between a 12-month range of GBX 312 and GBX 434.38. Workspace operates 79 flexible-workspace locations across London and the South East, covering 4.7 million square feet.

Workspace Group Plc (LON:WKP - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 415.50.

A number of equities research analysts recently commented on the company. Peel Hunt reissued a "hold" rating and issued a GBX 350 price target on shares of Workspace Group in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Berenberg Bank upped their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the stock a "buy" rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. lowered their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an "overweight" rating for the company in a report on Tuesday, June 9th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 406 price target on shares of Workspace Group in a research report on Thursday, June 11th.

Workspace Group Stock Up 1.0%

WKP stock opened at GBX 370 on Thursday. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The company has a quick ratio of 0.11, a current ratio of 0.42 and a debt-to-equity ratio of 59.71. The stock's 50 day moving average is GBX 358.49 and its 200-day moving average is GBX 353.76. The firm has a market capitalization of £712.80 million, a PE ratio of -5.91, a P/E/G ratio of 1.54 and a beta of 1.09.

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.

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