Workspace Group plc (WKP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Workspace Group plc (LON:WKP) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 907.57 ($11.78).
Several equities research analysts recently issued reports on the company. Liberum Capital reissued a “buy” rating and set a GBX 850 ($11.03) price objective on shares of Workspace Group plc in a research note on Wednesday, May 17th. Berenberg Bank assumed coverage on Workspace Group plc in a research note on Thursday, July 27th. They set a “buy” rating and a GBX 1,050 ($13.63) price target for the company. Jefferies Group LLC lifted their price objective on Workspace Group plc from GBX 600 ($7.79) to GBX 666 ($8.65) and gave the stock an “underperform” rating in a report on Wednesday, April 26th. Peel Hunt lifted their price objective on Workspace Group plc from GBX 850 ($11.03) to GBX 950 ($12.33) and gave the stock a “buy” rating in a report on Wednesday, June 7th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 1,012 ($13.14) target price on shares of Workspace Group plc in a report on Friday, July 14th.
Workspace Group plc (LON:WKP) opened at 879.00 on Tuesday. The stock’s 50 day moving average price is GBX 892.42 and its 200 day moving average price is GBX 847.66. The company’s market cap is GBX 1.43 billion. Workspace Group plc has a 12-month low of GBX 615.00 and a 12-month high of GBX 959.00.
The business also recently announced a dividend, which was paid on Monday, August 7th. Investors of record on Thursday, July 6th were given a GBX 14.27 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, July 6th. This is a boost from Workspace Group plc’s previous dividend of $6.80. This represents a dividend yield of 1.63%.
In other Workspace Group plc news, insider Jamie Hopkins sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of GBX 913 ($11.85), for a total transaction of £273,900 ($355,575.75). Also, insider Graham Clemett bought 12,295 shares of the stock in a transaction on Monday, June 26th. The shares were acquired at an average price of GBX 914 ($11.87) per share, with a total value of £112,376.30 ($145,886.41).
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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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