Deutsche Bank Aktiengesellschaft Cuts Workspace Group (LON:WKP) Price Target to GBX 480

Workspace Group (LON:WKP) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 520 to GBX 480 in a research note published on Friday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

WKP has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 price objective on shares of Workspace Group in a research note on Thursday, October 16th. Berenberg Bank restated a “buy” rating and set a GBX 403 target price on shares of Workspace Group in a report on Wednesday, November 19th. Finally, Jefferies Financial Group cut their price target on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 468.25.

Workspace Group Stock Performance

Shares of Workspace Group stock opened at GBX 381.50 on Friday. The firm’s 50 day simple moving average is GBX 397.34 and its two-hundred day simple moving average is GBX 402.45. The firm has a market capitalization of £733.58 million, a price-to-earnings ratio of -9.66, a PEG ratio of 1.54 and a beta of 1.04. Workspace Group has a 12-month low of GBX 359.50 and a 12-month high of GBX 560. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43.

Workspace Group (LON:WKP) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX (37) earnings per share for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. Analysts predict that Workspace Group will post 36.7630058 EPS for the current year.

Insider Activity

In related news, insider Manju Malhotra purchased 2,724 shares of the business’s stock in a transaction on Friday, November 21st. The shares were bought at an average price of GBX 367 per share, for a total transaction of £9,997.08. Also, insider David Stevenson acquired 1,320 shares of the stock in a transaction dated Monday, December 1st. The shares were bought at an average cost of GBX 377 per share, with a total value of £4,976.40. In the last 90 days, insiders have acquired 5,410 shares of company stock worth $1,994,572. 5.29% of the stock is owned by company insiders.

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.