Workspace Group (LON:WKP) Sets New 12-Month Low – Here’s Why

Workspace Group Plc (LON:WKP)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 355 and last traded at GBX 355, with a volume of 2802793 shares trading hands. The stock had previously closed at GBX 364.50.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WKP shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a “buy” rating for the company in a research report on Friday, December 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 487 target price on shares of Workspace Group in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Workspace Group currently has a consensus rating of “Buy” and an average target price of GBX 489.25.

Workspace Group Stock Performance

The stock has a 50 day moving average of GBX 409.78 and a 200 day moving average of GBX 400.06. 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 firm has a market cap of £671.76 million, a price-to-earnings ratio of -8.84, a P/E/G ratio of 1.54 and a beta of 1.07.

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.