Workspace Group Plc Stock Rating Reaffirmed by Investec (WKP)
Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Wednesday, American Banking and Market News reports. They currently have a GBX 500 ($8.01) target price on the stock. Investec’s price objective would suggest a potential upside of 20.57% from the stock’s previous close.
Workspace Group Plc (LON:WKP) opened at 421.80 on Wednesday. Workspace Group Plc has a 52 week low of GBX 255.00 and a 52 week high of GBX 475.00. The stock has a 50-day moving average of GBX 447.3 and a 200-day moving average of GBX 404.8. The company’s market cap is £606.0 million.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon upgraded shares of Workspace Group Plc (LON:WKP) to a “buy” rating in a research note to investors on Friday, September 20th. They now have a GBX 460 ($7.37) price target on the stock, up previously from GBX 375 ($6.01). Separately, analysts at Numis Securities Ltd raised their price target on shares of Workspace Group Plc (LON:WKP) from GBX 420 ($6.73) to GBX 440 ($7.05) in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Workspace Group Plc (LON:WKP) from GBX 450 ($7.21) to GBX 525 ($8.41) in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock.
Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Workspace Group Plc has an average rating of “Buy” and an average target price of GBX 445.09 ($7.13).
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