Numis Securities Reiterates Add Rating for Workspace Group (WKP)

Workspace Group (LON:WKP)‘s stock had its “add” rating restated by stock analysts at Numis Securities in a report issued on Friday. They currently have a GBX 1,096 ($14.86) price objective on the stock. Numis Securities’ price target indicates a potential upside of 11.27% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating and set a GBX 1,100 ($14.92) price target on shares of Workspace Group in a research note on Thursday. Peel Hunt reiterated a “buy” rating and set a GBX 1,050 ($14.24) price target on shares of Workspace Group in a research note on Tuesday, December 5th. Berenberg Bank increased their price target on Workspace Group from GBX 1,050 ($14.24) to GBX 1,080 ($14.65) and gave the stock a “buy” rating in a research note on Thursday, November 9th. Deutsche Bank increased their price target on Workspace Group from GBX 660 ($8.95) to GBX 1,000 ($13.56) and gave the stock a “hold” rating in a research note on Monday, November 13th. Finally, Canaccord Genuity increased their price target on Workspace Group from GBX 875 ($11.87) to GBX 925 ($12.54) and gave the stock a “hold” rating in a research note on Friday, December 22nd. 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’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,012.63 ($13.73).

Workspace Group (LON:WKP) traded down GBX 1 ($0.01) during mid-day trading on Friday, hitting GBX 985 ($13.36). The stock had a trading volume of 167,047 shares, compared to its average volume of 184,038. The company has a market cap of $1,610.00 and a P/E ratio of 794.35. Workspace Group has a 12 month low of GBX 735.50 ($9.97) and a 12 month high of GBX 1,029 ($13.95).

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

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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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