Workspace Group (LON:WKP) had its price target decreased by analysts at Jefferies Financial Group from GBX 745 ($9.17) to GBX 680 ($8.37) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 12.30% from the stock's previous close.
A number of other research analysts also recently issued reports on WKP. JPMorgan Chase & Co. dropped their target price on shares of Workspace Group from GBX 980 ($12.06) to GBX 930 ($11.44) and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Royal Bank of Canada decreased their price target on shares of Workspace Group from GBX 875 ($10.77) to GBX 775 ($9.54) and set a "sector performer" rating for the company in a research note on Monday, June 22nd. Berenberg Bank reissued a "hold" rating on shares of Workspace Group in a research report on Wednesday, May 6th. Liberum Capital restated a "buy" rating on shares of Workspace Group in a research note on Thursday, July 9th. Finally, Barclays dropped their price target on Workspace Group from GBX 815 ($10.03) to GBX 800 ($9.84) and set an "overweight" rating on the stock in a research note on Friday, June 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. The stock currently has an average rating of "Hold" and a consensus target price of GBX 973.33 ($11.98).
Shares of Workspace Group stock opened at GBX 605.50 ($7.45) on Thursday. The stock's 50-day moving average is GBX 692.82 and its 200 day moving average is GBX 897.95. Workspace Group has a one year low of GBX 420.88 ($5.18) and a one year high of GBX 1,317 ($16.21). The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 15.25. The company has a debt-to-equity ratio of 32.75, a current ratio of 1.25 and a quick ratio of 1.03.
Workspace Group (LON:WKP) last issued its earnings results on Friday, June 5th. The company reported GBX 44.60 ($0.55) earnings per share for the quarter, topping the Zacks' consensus estimate of GBX 44.50 ($0.55) by GBX 0.10 ($0.00). On average, sell-side analysts expect that Workspace Group will post 4768.9047889 EPS for the current fiscal year.
In other Workspace Group news, insider Graham Clemett sold 5,797 shares of Workspace Group stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 682 ($8.39), for a total transaction of £39,535.54 ($48,653.14).
About Workspace Group
Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all - we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.
Read More: Why do analysts give a neutral rating?
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7 Gold Stocks to Buy Before the Fed Changes Its Mind
Just when investors thought that the price of gold couldn’t go any higher, the Federal Reserve added fuel to the fire. On July 29, the Fed said there was not sufficient evidence of an economic recovery to warrant changing their current policies.
Not only does that mean that interest rates will stay at or nor zero, but that the Fed may initiate other actions as well. In his statement after the Fed meeting, chairman Jerome Powell said the Fed was “not even thinking about thinking about raising rates.”
And while the novel coronavirus was certainly a factor, it’s not the only factor. The Fed is looking intently at the collateral damage from the lockdown measures in March and April. Over 14 million Americans who had jobs in February are unemployed. And many of those jobs will not be coming back.
This is creating the perfect scenario for gold and gold stocks. The price of gold has surged over 25% in 2020. At the time of this writing, it sits at $1,953 per ounce. Of course as soon as gold starts to near $2,000 the cries that the rally is over begin.
Are they right again? Maybe, but I’m a little skeptical. Gold always climbs during times of uncertainty. That’s true today more than ever. We’re months away from a presidential election. We’re learning how to live with a novel virus for which there is no vaccine. We have social unrest that has turned into riots in many major cities.
With that in mind, here are seven of the best gold stocks that you can invest in right now.
View the "7 Gold Stocks to Buy Before the Fed Changes Its Mind".