Workspace Group (LON:WKP) Price Target Cut to GBX 400 by Analysts at Deutsche Bank Aktiengesellschaft

Workspace Group (LON:WKP) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 480 to GBX 400 in a research note released on Monday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus cut their target price on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research note on Friday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 503 price target on shares of Workspace Group in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 493 price target on shares of Workspace Group in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Workspace Group has a consensus rating of “Moderate Buy” and an average target price of GBX 479.20.

Workspace Group Stock Down 5.1%

Shares of LON:WKP opened at GBX 332.60 on Monday. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. The company has a market capitalization of £639.55 million, a P/E ratio of -8.42, a P/E/G ratio of 1.54 and a beta of 1.15. Workspace Group has a 52-week low of GBX 312 and a 52-week high of GBX 459. The stock’s fifty day simple moving average is GBX 383.55 and its 200-day simple moving average is GBX 394.66.

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.