Workspace Group (LON:WKP) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• Shares crossed below their 200-day moving average, trading as low as GBX 368.80 and last at GBX 371.61 versus the 200‑day MA of GBX 395.75, on a volume of 324,211 shares.
• Analysts remain bullish: Berenberg reiterated a Buy with a GBX 487 target, and the stock has a consensus Buy from four analysts with an average price target of GBX 489.25.
• Key fundamentals show a market cap of £727.6m, a negative P/E (‑9.58) indicating losses, and a relatively high debt-to-equity ratio of 61.92, while the 50‑day MA is GBX 389.48.

Workspace Group Plc (LON:WKP - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 395.75 and traded as low as GBX 368.80. Workspace Group shares last traded at GBX 371.61, with a volume of 324,211 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 487 price target on shares of Workspace Group in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 489.25.

Workspace Group Stock Up 1.7%

The firm has a market cap of £727.62 million, a PE ratio of -9.58, a PEG ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 61.92, a quick ratio of 0.11 and a current ratio of 1.47. The company's 50-day simple moving average is GBX 389.48 and its two-hundred day simple moving average is GBX 395.75.

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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