Workspace Group plc (WKP) Receives Consensus Recommendation of “Hold” from Analysts
Workspace Group plc (LON:WKP) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 914.71 ($12.03).
A number of equities analysts have weighed in on WKP shares. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,012 ($13.31) price target on shares of Workspace Group plc in a research report on Friday, July 14th. Peel Hunt reaffirmed a “buy” rating and set a GBX 950 ($12.49) price target on shares of Workspace Group plc in a research report on Wednesday, August 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,050 ($13.80) price target on shares of Workspace Group plc in a research report on Wednesday, August 30th. Finally, Berenberg Bank started coverage on Workspace Group plc in a research report on Thursday, July 27th. They set a “buy” rating and a GBX 1,050 ($13.80) price target for the company.
Shares of Workspace Group plc (LON WKP) opened at 912.50 on Wednesday. The firm’s 50 day moving average is GBX 884.25 and its 200-day moving average is GBX 875.63. Workspace Group plc has a one year low of GBX 615.00 and a one year high of GBX 959.00. The firm’s market capitalization is GBX 1.49 billion.
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In other news, insider Jamie Hopkins sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of GBX 913 ($12.00), for a total transaction of £273,900 ($360,110.44).
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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