Workspace Group (LON:WKP – Get Rating)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a GBX 800 ($10.41) target price on the stock. Barclays‘s target price points to a potential upside of 14.53% from the stock’s previous close.
Several other research firms have also issued reports on WKP. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 980 ($12.75) price target on shares of Workspace Group in a research report on Wednesday, February 23rd. Berenberg Bank upgraded shares of Workspace Group to a “hold” rating and raised their price target for the stock from GBX 670 ($8.72) to GBX 850 ($11.06) in a research report on Monday, January 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,050 ($13.66) target price on shares of Workspace Group in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Workspace Group has an average rating of “Hold” and an average price target of GBX 920 ($11.97).
LON WKP opened at GBX 698.50 ($9.09) on Tuesday. The company has a debt-to-equity ratio of 36.85, a current ratio of 1.03 and a quick ratio of 0.85. The firm has a market capitalization of £1.27 billion and a price-to-earnings ratio of -10.36. The company’s fifty day moving average is GBX 700 and its two-hundred day moving average is GBX 786.56. Workspace Group has a 52-week low of GBX 592.50 ($7.71) and a 52-week high of GBX 979 ($12.74).
Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London's brightest businesses, including fast growing and established brands across a wide range of sectors. Workspace is geared towards helping businesses perform at their very best.
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