Workspace Group plc (WKP) Receives Average Rating of “Hold” from Analysts

Shares of Workspace Group plc (LON:WKP) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,012.63 ($13.73).

A number of brokerages have recently weighed in on WKP. Jefferies Group reissued an “underperform” rating and set a GBX 750 ($10.17) price objective on shares of Workspace Group in a research note on Thursday. Numis Securities reissued an “add” rating and set a GBX 1,096 ($14.86) price objective on shares of Workspace Group in a research note on Friday. Liberum Capital reissued a “buy” rating and set a GBX 1,100 ($14.92) price objective on shares of Workspace Group in a research note on Thursday. Peel Hunt reissued a “buy” rating and set a GBX 1,050 ($14.24) price objective on shares of Workspace Group in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,100 ($14.92) price objective on shares of Workspace Group in a research note on Monday.

Workspace Group (LON WKP) opened at GBX 978.50 ($13.27) on Friday. Workspace Group has a 1-year low of GBX 735.50 ($9.97) and a 1-year high of GBX 1,029 ($13.95). The stock has a market cap of $1,600.00 and a PE ratio of 789.11.

Workspace Group (LON:WKP) last issued its earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). Workspace Group had a net margin of 201.14% and a return on equity of 15.14%. The company had revenue of GBX 6,150 million during the quarter.

The company also recently announced a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, January 11th will be paid a GBX 8.84 ($0.12) dividend. The ex-dividend date is Thursday, January 11th. This represents a yield of 0.96%.

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About Workspace Group

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.

Analyst Recommendations for Workspace Group (LON:WKP)

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