Workspace Group plc (WKP) Given Consensus Recommendation of “Hold” by Brokerages
Workspace Group plc (LON:WKP) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 907.57 ($11.82).
Several research firms have weighed in on WKP. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,000 ($13.03) price target on shares of Workspace Group plc in a research note on Friday. Berenberg Bank began coverage on shares of Workspace Group plc in a research note on Thursday. They issued a “buy” rating and a GBX 1,050 ($13.68) price target for the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 900 ($11.72) price target on shares of Workspace Group plc in a research note on Thursday, June 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 950 ($12.38) price target on shares of Workspace Group plc in a research note on Friday, July 14th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 1,012 ($13.18) price target on shares of Workspace Group plc in a research note on Friday, July 14th.
In other news, insider Graham Clemett sold 38,693 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of GBX 895 ($11.66), for a total transaction of £346,302.35 ($451,149.49).
Shares of Workspace Group plc (LON:WKP) opened at 911.00 on Friday. Workspace Group plc has a 12-month low of GBX 615.00 and a 12-month high of GBX 959.00. The firm’s market capitalization is GBX 1.49 billion. The firm’s 50-day moving average price is GBX 899.66 and its 200-day moving average price is GBX 830.69.
The firm also recently announced a dividend, which will be paid on Monday, August 7th. Stockholders of record on Thursday, July 6th will be given a dividend of GBX 14.27 ($0.19) per share. The ex-dividend date is Thursday, July 6th. This is an increase from Workspace Group plc’s previous dividend of $6.80. This represents a dividend yield of 1.63%.
About Workspace Group plc
Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.
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