Workspace Group (LON:WKP) Hits New 52-Week Low - Should You Sell?

Key Points

• Workspace Group hit a new 52-week low of GBX 335.74 (last GBX 337) on heavy volume (1,047,559 shares), trading well below its 50‑ and 200‑day moving averages (~GBX 404.7 and GBX 398.7).
• Despite the share-price drop, four analysts maintain a Buy consensus with an average price target of GBX 489.25.
• Key fundamentals show a market cap of £645.1m, a negative P/E (-8.49), weak liquidity (quick ratio 0.11) and a debt/equity ratio of 61.92, indicating leverage and short-term liquidity risk.

Workspace Group Plc (LON:WKP - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as GBX 335.74 and last traded at GBX 337, with a volume of 1047559 shares. The stock had previously closed at GBX 344.50.

Wall Street Analysts Forecast Growth

WKP has been the topic of a number of recent research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 487 price objective on shares of Workspace Group in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Workspace Group from GBX 520 to GBX 480 and set a "buy" rating for the company in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 489.25.

Workspace Group Stock Performance

The stock has a market capitalization of £645.13 million, a P/E ratio of -8.49, a P/E/G ratio of 1.54 and a beta of 1.07. The stock has a 50 day simple moving average of GBX 404.67 and a two-hundred day simple moving average of GBX 398.69. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92.

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. 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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