Berenberg Bank Reiterates “Buy” Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 487 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 14.45% from the stock’s previous close.

A number of other research firms have also issued reports on WKP. Jefferies Financial Group reduced their target price on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a report on Thursday, November 20th. Peel Hunt reissued a “buy” rating and issued a GBX 500 target price on shares of Workspace Group in a research note on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Workspace Group has a consensus rating of “Buy” and a consensus price target of GBX 489.25.

Workspace Group Trading Up 1.7%

LON WKP opened at GBX 425.50 on Wednesday. The firm has a 50-day moving average price of GBX 392.76 and a 200 day moving average price of GBX 399.29. Workspace Group has a 52-week low of GBX 359.50 and a 52-week high of GBX 482. The stock has a market capitalization of £818.19 million, a P/E ratio of -10.77, a P/E/G 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 earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. Equities research analysts expect that Workspace Group will post 36.7630058 EPS for the current year.

Insider Activity

In other Workspace Group news, insider David Stevenson bought 1,320 shares of the business’s stock in a transaction on Monday, December 1st. The shares were purchased at an average price of GBX 377 per share, with a total value of £4,976.40. Also, insider Rosie Shapland bought 9,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of GBX 383 per share, with a total value of £34,470. In the last ninety days, insiders bought 14,410 shares of company stock worth $5,441,572. 5.29% of the stock is currently owned by 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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.