Workspace Group (WKP) Hits New 12-Month High Following Analyst Upgrade

Workspace Group plc (LON:WKP)’s share price hit a new 52-week high during mid-day trading on Monday after Canaccord Genuity raised their price target on the stock from GBX 875 to GBX 925. Canaccord Genuity currently has a hold rating on the stock. Workspace Group traded as high as GBX 986.60 ($13.19) and last traded at GBX 982 ($13.13), with a volume of 69127 shares trading hands. The stock had previously closed at GBX 978 ($13.08).

Several other research firms also recently weighed in on WKP. Numis Securities reaffirmed an “add” rating and issued a GBX 1,012 ($13.53) price objective on shares of Workspace Group in a report on Friday, December 15th. Berenberg Bank upped their price objective on shares of Workspace Group from GBX 1,050 ($14.04) to GBX 1,080 ($14.44) and gave the stock a “buy” rating in a report on Thursday, November 9th. Peel Hunt upped their price objective on shares of Workspace Group from GBX 950 ($12.70) to GBX 1,050 ($14.04) and gave the stock a “buy” rating in a report on Wednesday, November 8th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,050 ($14.04) price objective on shares of Workspace Group in a report on Wednesday, November 8th. Finally, Deutsche Bank upped their price objective on shares of Workspace Group from GBX 660 ($8.82) to GBX 1,000 ($13.37) and gave the stock a “hold” rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Workspace Group presently has an average rating of “Hold” and a consensus price target of GBX 985.38 ($13.18).

The company has a market capitalization of $1,600.00 and a price-to-earnings ratio of 791.94.

Workspace Group (LON:WKP) last released its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) EPS for the quarter, topping analysts’ consensus estimates of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). Workspace Group had a return on equity of 15.14% and a net margin of 201.14%. The firm had revenue of GBX 6,150 million for the quarter.

The company also recently disclosed a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, January 11th will be issued a GBX 8.84 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a yield of 0.96%.

COPYRIGHT VIOLATION WARNING: “Workspace Group (WKP) Hits New 12-Month High Following Analyst Upgrade” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://weekherald.com/2017/12/27/workspace-group-wkp-hits-new-12-month-high-following-analyst-upgrade.html.

Workspace Group Company Profile

Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.

Receive News & Ratings for Workspace Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workspace Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply