Workspace Group (LON:WKP) Reaches New 12-Month Low - Time to Sell?

Key Points

• 52‑week low: Workspace Group shares hit a new 52‑week low of GBX 355 on Friday (last traded GBX 355) on volume of 2,802,793 shares and are trading below both the 50‑day (GBX 411.11) and 200‑day (GBX 400.35) moving averages.
• Analyst outlook: Four analysts carry a consensus "Buy" rating with an average target of GBX 489.25, although Jefferies and Deutsche Bank recently trimmed their targets to GBX 490 and GBX 480 respectively.
• Financials highlight: The company has a market cap of £676.86m, a negative P/E of -8.91, relatively high leverage (debt/equity 61.92) and a low quick ratio of 0.11, suggesting weak near‑term liquidity.

Workspace Group Plc (LON:WKP - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 355 and last traded at GBX 355, with a volume of 2802793 shares. The stock had previously closed at GBX 364.50.

Analyst Ratings Changes

A number of research analysts have weighed in on WKP shares. Jefferies Financial Group reduced their target price on Workspace Group from GBX 516 to GBX 490 and set a "buy" rating on the stock in a report on Thursday, November 20th. Berenberg Bank restated a "buy" rating and set a GBX 487 price target on shares of Workspace Group in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Workspace Group from GBX 520 to GBX 480 and set a "buy" rating for the company in a report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 489.25.

Workspace Group Stock Down 3.4%

The stock's 50 day simple moving average is GBX 411.11 and its two-hundred day simple moving average is GBX 400.35. The firm has a market cap of £676.86 million, a P/E ratio of -8.91, a P/E/G ratio of 1.54 and a beta of 1.07. The company has a debt-to-equity ratio of 61.92, a current ratio of 1.47 and a quick ratio of 0.11.

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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