Workspace Group Plc Rating Reiterated by Liberum Capital (WKP)
Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Monday. They currently have a GBX 733 ($12.55) target price on the stock. Liberum Capital’s price target suggests a potential upside of 25.31% from the stock’s previous close.
Shares of Workspace Group Plc (LON:WKP) traded up 1.28% during mid-day trading on Monday, hitting GBX 592.50. 36,231 shares of the company’s stock traded hands. Workspace Group Plc has a 1-year low of GBX 413.20 and a 1-year high of GBX 639.00. The stock has a 50-day moving average of GBX 585.5 and a 200-day moving average of GBX 571.8. The company’s market cap is £861.8 million.
The company also recently declared a dividend, which is scheduled for Friday, August 1st. Investors of record on Wednesday, July 9th will be given a dividend of GBX 7.09 ($0.12) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, July 9th.
A number of other firms have also recently commented on WKP. Analysts at Jefferies Group upgraded shares of Workspace Group Plc to a “buy” rating in a research note on Friday, June 6th. They now have a GBX 706 ($12.09) price target on the stock, up previously from GBX 588 ($10.07). Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Workspace Group Plc in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Workspace Group Plc currently has an average rating of “Buy” and a consensus target price of GBX 610.57 ($10.45).
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