Workspace Group (LON:WKP) Insider Manju Malhotra Purchases 2,724 Shares of Stock

Workspace Group Plc (LON:WKP) insider Manju Malhotra acquired 2,724 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of GBX 367 per share, with a total value of £9,997.08.

Workspace Group Trading Up 0.8%

Shares of LON:WKP opened at GBX 367.50 on Friday. The firm has a fifty day moving average of GBX 399.90 and a two-hundred day moving average of GBX 407.16. Workspace Group Plc has a 12-month low of GBX 360 and a 12-month high of GBX 569. The company has a quick ratio of 0.11, a current ratio of 1.23 and a debt-to-equity ratio of 57.43. The firm has a market capitalization of £706.54 million, a P/E ratio of 131.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

Workspace Group (LON:WKP) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX (37) EPS for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. On average, equities analysts expect that Workspace Group Plc will post 36.7630058 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 403 price target on shares of Workspace Group in a research report on Wednesday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 500 price target on shares of Workspace Group in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workspace Group presently has a consensus rating of “Buy” and an average target price of GBX 464.33.

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.