Workspace Group plc (WKP) Given Average Recommendation of “Hold” by Analysts
Workspace Group plc (LON:WKP) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 914.71 ($11.81).
A number of equities analysts have commented on WKP shares. Liberum Capital restated a “buy” rating and issued a GBX 1,000 ($12.91) target price on shares of Workspace Group plc in a research note on Friday, July 28th. Berenberg Bank started coverage on Workspace Group plc in a research note on Thursday, July 27th. They issued a “buy” rating and a GBX 1,050 ($13.56) target price for the company. Peel Hunt restated a “buy” rating and issued a GBX 950 ($12.27) target price on shares of Workspace Group plc in a research note on Friday, July 14th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 900 ($11.62) target price on shares of Workspace Group plc in a research note on Thursday, June 8th. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 1,012 ($13.07) target price on shares of Workspace Group plc in a research note on Friday, July 14th.
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In other Workspace Group plc news, insider Graham Clemett sold 38,693 shares of Workspace Group plc stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of GBX 895 ($11.56), for a total value of £346,302.35 ($447,245.71). Also, insider Jamie Hopkins sold 30,000 shares of Workspace Group plc stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of GBX 913 ($11.79), for a total value of £273,900 ($353,738.86).
Shares of Workspace Group plc (WKP) opened at 892.00 on Friday. Workspace Group plc has a 12-month low of GBX 615.00 and a 12-month high of GBX 959.00. The stock has a 50 day moving average price of GBX 889.58 and a 200 day moving average price of GBX 860.58. The stock’s market capitalization is GBX 1.45 billion.
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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