Workspace Group Plc (LON:WKP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Workspace Group Plc (LON:WKP) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 439.17.

WKP has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 401 target price on shares of Workspace Group in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 424 target price on shares of Workspace Group in a report on Friday, May 8th. Stifel Nicolaus dropped their target price on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a report on Friday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 400 target price on shares of Workspace Group in a report on Monday, May 11th.

Workspace Group Stock Up 2.9%

Shares of Workspace Group stock opened at GBX 341.32 on Tuesday. Workspace Group has a twelve month low of GBX 312 and a twelve month high of GBX 434.38. The stock has a market cap of £656.32 million, a price-to-earnings ratio of -8.64, a P/E/G ratio of 1.54 and a beta of 1.09. The company’s fifty day moving average is GBX 343.84 and its 200 day moving average is GBX 377.69.

Workspace Group (LON:WKP) last issued its quarterly earnings data on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. The company had revenue of £181.40 million for the quarter. Workspace Group had a negative net margin of 66.32% and a negative return on equity of 8.83%. As a group, equities analysts anticipate that Workspace Group will post 36.7630058 earnings per share for the current fiscal year.

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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.