Workspace Group (WKP) Given Overweight Rating at JPMorgan Chase & Co.
Workspace Group (LON:WKP)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a GBX 1,100 ($14.92) price objective on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 15.61% from the company’s current price.
Several other research firms have also recently commented on WKP. Berenberg Bank boosted their price objective on shares of Workspace Group from GBX 1,050 ($14.24) to GBX 1,080 ($14.65) and gave the company a “buy” rating in a research report on Thursday, November 9th. Numis Securities reiterated an “add” rating and issued a GBX 1,012 ($13.72) price target on shares of Workspace Group in a research note on Thursday, October 19th. Peel Hunt lifted their price target on shares of Workspace Group from GBX 950 ($12.88) to GBX 1,050 ($14.24) and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank lifted their price target on shares of Workspace Group from GBX 660 ($8.95) to GBX 1,000 ($13.56) and gave the company a “hold” rating in a research note on Monday, November 13th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,050 ($14.24) price target on shares of Workspace Group in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Workspace Group currently has an average rating of “Hold” and an average target price of GBX 991.63 ($13.45).
Shares of Workspace Group (WKP) traded down GBX 9 ($0.12) during midday trading on Monday, hitting GBX 951.50 ($12.90). 61,401 shares of the stock were exchanged, compared to its average volume of 168,726. The company has a market capitalization of $1,560.00 and a PE ratio of 767.34. Workspace Group has a 52 week low of GBX 735.50 ($9.97) and a 52 week high of GBX 1,029 ($13.95).
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Workspace Group Company Profile
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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