Peel Hunt Reiterates "Buy" Rating for Workspace Group (LON:WKP)

Key Points

• Peel Hunt has reaffirmed a "buy" rating for Workspace Group (LON:WKP) with a price target of GBX 500, indicating a potential upside of 25.47% from its current share price.
• Workspace Group's stock recently traded at GBX 398.50, with a 52-week range between GBX 377 and GBX 626.
• The company, managing 4.7 million sq. ft. of workspace across 79 locations in London and the South East, serves around 4,000 brands, positioning itself as a leader in flexible workspace.

Workspace Group (LON:WKP - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Peel Hunt in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 500 price target on the stock. Peel Hunt's target price would suggest a potential upside of 25.47% from the stock's current price.

Workspace Group Stock Performance

WKP traded down GBX 4.50 during trading on Thursday, reaching GBX 398.50. 45,935,801 shares of the company were exchanged, compared to its average volume of 1,051,777. Workspace Group has a 52 week low of GBX 377 and a 52 week high of GBX 626. The stock has a market cap of £766.14 million, a P/E ratio of 14,232.14, a PEG ratio of 1.54 and a beta of 1.04. The firm has a 50 day moving average of GBX 401.38 and a 200 day moving average of GBX 410.36. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43.

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.

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