Rosie Shapland Acquires 9,000 Shares of Workspace Group (LON:WKP) Stock

Workspace Group Plc (LON:WKP) insider Rosie Shapland bought 9,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of GBX 383 per share, for a total transaction of £34,470.

Workspace Group Stock Performance

Shares of LON:WKP opened at GBX 387 on Friday. Workspace Group Plc has a 52 week low of GBX 359.50 and a 52 week high of GBX 505. The firm has a 50 day moving average of GBX 394.41 and a 200 day moving average of GBX 400.74. The company has a market capitalization of £744.15 million, a price-to-earnings ratio of -9.80, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43.

Workspace Group (LON:WKP) last issued 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%. On average, sell-side analysts predict that Workspace Group Plc will post 36.7630058 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 403 price target on shares of Workspace Group in a report on Wednesday, November 19th. Jefferies Financial Group reduced their price objective on Workspace Group from GBX 516 to GBX 490 and set a “buy” rating for the company in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating on the stock in a research note on Friday, December 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 500 price objective on shares of Workspace Group in a report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workspace Group has an average rating of “Buy” and a consensus target price of GBX 468.25.

About Workspace Group

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.