Workspace Group (WKP) Downgraded by Berenberg Bank to Hold

Workspace Group (LON:WKP) was downgraded by analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Wednesday. They presently have a GBX 900 ($11.76) price objective on the stock, down from their previous price objective of GBX 1,250 ($16.33). Berenberg Bank’s price target would indicate a potential downside of 5.36% from the stock’s previous close.

WKP has been the topic of a number of other reports. Liberum Capital reissued a “buy” rating on shares of Workspace Group in a research report on Thursday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Workspace Group from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set an “overweight” rating on the stock in a research report on Friday, November 23rd. Deutsche Bank raised shares of Workspace Group to a “buy” rating and reduced their target price for the stock from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) in a research report on Wednesday, January 16th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Workspace Group in a report on Monday, January 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,081.38 ($14.13).

LON WKP opened at GBX 951 ($12.43) on Wednesday. Workspace Group has a 52 week low of GBX 748 ($9.77) and a 52 week high of GBX 1,040.50 ($13.60).

Workspace Group (LON:WKP) last posted its earnings results on Wednesday, November 14th. The company reported GBX 20.20 ($0.26) EPS for the quarter, topping analysts’ consensus estimates of GBX 20 ($0.26) by GBX 0.20 ($0.00).

About Workspace Group

Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.

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Analyst Recommendations for Workspace Group (LON:WKP)

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