Workspace Group (LON:WKP) Reaches New 1-Year Low – Should You Sell?

Workspace Group Plc (LON:WKP)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 335.74 and last traded at GBX 337, with a volume of 1047559 shares changing hands. The stock had previously closed at GBX 344.50.

Analysts Set New Price Targets

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

Workspace Group Stock Performance

The company has a debt-to-equity ratio of 61.92, a current ratio of 1.47 and a quick ratio of 0.11. The stock has a fifty day moving average price of GBX 403.03 and a two-hundred day moving average price of GBX 398.26. The company has a market cap of £648.01 million, a P/E ratio of -8.53, a PEG ratio of 1.54 and a beta of 1.07.

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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.