Peel Hunt Reaffirms “Hold” Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “hold” rating reaffirmed by Peel Hunt in a research report issued on Friday,Digital Look reports. They presently have a GBX 350 price objective on the stock. Peel Hunt’s price objective points to a potential downside of 0.35% from the stock’s previous close.

Several other research firms have also weighed in on WKP. Stifel Nicolaus cut 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. decreased their price target on shares of Workspace Group from GBX 500 to GBX 410 and set an “overweight” rating for the company in a report on Tuesday, June 9th. Berenberg Bank upped their price objective on shares of Workspace Group from GBX 401 to GBX 427 and gave the company a “buy” rating in a research report on Thursday, June 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 406 price objective on shares of Workspace Group in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Workspace Group from GBX 480 to GBX 400 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 415.50.

Workspace Group Price Performance

Workspace Group stock opened at GBX 351.24 on Friday. The firm has a market capitalization of £676.66 million, a P/E ratio of -5.61, a PEG ratio of 1.54 and a beta of 1.08. Workspace Group has a 1 year low of GBX 312 and a 1 year high of GBX 434.38. The business has a 50-day moving average of GBX 340.56 and a 200-day moving average of GBX 368.92. The company has a current ratio of 0.42, a quick ratio of 0.11 and a debt-to-equity ratio of 59.71.

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

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.