Workspace Group (LON:WKP) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Workspace Group (LON:WKP) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 487 target price on the stock.

WKP has been the subject of a number of other reports. Jefferies Financial Group decreased their price objective on shares of Workspace Group from GBX 516 to GBX 490 and set a “buy” rating for the company in a report on Thursday, November 20th. Peel Hunt reissued a “buy” rating and issued a GBX 500 target price on shares of Workspace Group in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Workspace Group from GBX 520 to GBX 480 and set a “buy” rating on the stock in a report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 489.25.

Workspace Group Stock Up 1.9%

WKP stock opened at GBX 420.34 on Wednesday. Workspace Group has a fifty-two week low of GBX 359.50 and a fifty-two week high of GBX 482. The stock has a fifty day moving average of GBX 392.45 and a 200-day moving average of GBX 399.11. The company has a market capitalization of £808.25 million, a price-to-earnings ratio of -10.64, a PEG ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Workspace Group (LON:WKP) last issued its earnings results on Wednesday, November 19th. The company reported GBX (37) earnings per share (EPS) for the quarter. Workspace Group had a negative return on equity of 12.20% and a negative net margin of 104.45%. As a group, equities research analysts predict that Workspace Group will post 36.7630058 earnings per share for the current year.

Insider Buying and Selling at Workspace Group

In other Workspace Group news, insider Rosie Shapland acquired 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of GBX 383 per share, with a total value of £34,470. Also, insider Manju Malhotra bought 2,724 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of GBX 367 per share, with a total value of £9,997.08. Insiders bought a total of 14,410 shares of company stock worth $5,441,572 in the last three months. 5.29% of the stock is currently owned by company insiders.

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.