Workspace Group (LON:WKP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Workspace Group Plc (LON:WKP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 401.52 and traded as high as GBX 403. Workspace Group shares last traded at GBX 396, with a volume of 162,426 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WKP shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a report on Friday, December 5th. Jefferies Financial Group reduced their price target on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating for the company in a research note on Thursday, November 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 487 target price on shares of Workspace Group in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 489.25.

Workspace Group Price Performance

The firm has a 50-day moving average of GBX 414.07 and a two-hundred day moving average of GBX 401.52. The stock has a market capitalization of £761.46 million, a price-to-earnings ratio of -10.03, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92.

Insiders Place Their Bets

In related news, insider Rosie Shapland bought 9,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of GBX 383 per share, for a total transaction of £34,470. Corporate insiders own 5.30% of the company’s stock.

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.