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

Workspace Group Plc (LON:WKP) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 440.50.

A number of research analysts recently commented on WKP shares. Stifel Nicolaus dropped their price target on Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research note on Friday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating on the stock in a research note on Tuesday, June 9th. Berenberg Bank raised their target price on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a report on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 406 target price on shares of Workspace Group in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Workspace Group from GBX 480 to GBX 400 and set a “hold” rating for the company in a report on Tuesday, June 23rd.

Workspace Group Price Performance

Workspace Group stock opened at GBX 333.80 on Friday. The stock’s fifty day moving average price is GBX 338.03 and its two-hundred day moving average price is GBX 373.80. Workspace Group has a one year low of GBX 312 and a one year high of GBX 434.38. The company has a debt-to-equity ratio of 59.71, a current ratio of 0.42 and a quick ratio of 0.11. The firm has a market cap of £641.86 million, a PE ratio of -8.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09.

Workspace Group (LON:WKP) last released its earnings results on Wednesday, June 10th. The company reported GBX 31.30 earnings per share for the quarter. The firm had revenue of £181.40 million during the quarter. Workspace Group had a negative return on equity of 8.83% and a negative net margin of 66.32%. As a group, research analysts expect that Workspace Group will post 36.7630058 EPS 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.