Workspace Group (LON:WKP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Workspace Group Plc (LON:WKP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 380.22 and traded as low as GBX 336. Workspace Group shares last traded at GBX 337.20, with a volume of 435,088 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WKP shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 400 price objective on shares of Workspace Group in a report on Monday, May 11th. Stifel Nicolaus decreased their price target on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating on the stock in a research note on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 424 price objective on shares of Workspace Group in a research note on Friday, May 8th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 503 price objective on shares of Workspace Group in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 465.40.

Workspace Group Trading Down 1.5%

The business’s fifty day moving average is GBX 345.17 and its 200-day moving average is GBX 380.22. The firm has a market cap of £648.40 million, a P/E ratio of -8.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.11. The company has a debt-to-equity ratio of 61.92, a quick ratio of 0.11 and a current ratio of 1.47.

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.