Workspace Group Plc (LON:WKP) Receives Consensus Rating of “Buy” from Brokerages

Shares of Workspace Group Plc (LON:WKP) have been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 640.67 ($8.02).

A number of brokerages have recently issued reports on WKP. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Workspace Group in a report on Thursday, July 20th. Numis Securities reiterated a “buy” rating and set a GBX 630 ($7.88) price target on shares of Workspace Group in a research report on Thursday, May 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 834 ($10.44) price target on shares of Workspace Group in a report on Wednesday, June 7th.

Insider Activity at Workspace Group

In other Workspace Group news, insider Graham Clemett sold 9,577 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 459 ($5.74), for a total value of £43,958.43 ($55,009.92). In other news, insider David Benson sold 22,821 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of GBX 498 ($6.23), for a total transaction of £113,648.58 ($142,220.72). Also, insider Graham Clemett sold 9,577 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 459 ($5.74), for a total transaction of £43,958.43 ($55,009.92). Insiders own 56.95% of the company’s stock.

Workspace Group Trading Up 1.0 %

Shares of WKP stock opened at GBX 501.50 ($6.28) on Friday. The business’s fifty day moving average price is GBX 495.63 and its 200 day moving average price is GBX 483.95. The firm has a market capitalization of £962.38 million, a PE ratio of -2,507.50, a P/E/G ratio of 2.26 and a beta of 1.08. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.19 and a quick ratio of 0.11. Workspace Group has a 1-year low of GBX 335.20 ($4.19) and a 1-year high of GBX 557.50 ($6.98).

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, managing five million sq. ft. of sustainable space with 76 core 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.