Workspace Group Plc (LON:WKP) Given Consensus Rating of “Moderate Buy” by Brokerages

Workspace Group Plc (LON:WKP) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 439.17.

Several brokerages have recently issued reports on WKP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 400 price objective on shares of Workspace Group in a research report on Monday, May 11th. Berenberg Bank reissued a “buy” rating and set a GBX 401 price objective on shares of Workspace Group in a research report on Wednesday, June 10th. Stifel Nicolaus lowered their price objective on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research report on Friday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday, June 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 424 target price on shares of Workspace Group in a report on Friday, May 8th.

Workspace Group Stock Down 0.8%

Shares of WKP stock opened at GBX 341.40 on Tuesday. The firm has a fifty day moving average of GBX 343.81 and a 200-day moving average of GBX 377.67. Workspace Group has a 12-month low of GBX 312 and a 12-month high of GBX 434.38. The company has a market capitalization of £656.47 million, a price-to-earnings ratio of -8.64, a P/E/G ratio of 1.54 and a beta of 1.09.

Workspace Group (LON:WKP) last issued its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. The company had revenue of £181.40 million during the quarter. On average, equities analysts expect that Workspace Group will post 36.7630058 EPS for the current year.

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.