Deutsche Bank Aktiengesellschaft Lowers Workspace Group (LON:WKP) Price Target to GBX 400

Workspace Group (LON:WKP) had its target price lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 480 to GBX 400 in a research report issued on Monday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 18.27% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 503 price objective on shares of Workspace Group in a research report on Friday. Stifel Nicolaus dropped their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 493 price target on shares of Workspace Group in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 479.20.

Workspace Group Trading Down 3.5%

Shares of LON:WKP opened at GBX 338.20 on Monday. Workspace Group has a 12 month low of GBX 312 and a 12 month high of GBX 459. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. The company’s fifty day simple moving average is GBX 385.35 and its 200 day simple moving average is GBX 395.15. The firm has a market cap of £650.32 million, a price-to-earnings ratio of -8.56, a PEG ratio of 1.54 and a beta of 1.15.

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.