Peel Hunt Reiterates “Buy” Rating for Workspace Group (LON:WKP)

Peel Hunt reissued their buy rating on shares of Workspace Group (LON:WKP) in a research note issued to investors on Tuesday, December 5th. They currently have a GBX 1,050 ($14.04) price target on the stock.

A number of other equities research analysts have also recently weighed in on WKP. Berenberg Bank increased their price target on Workspace Group from GBX 1,050 ($14.04) to GBX 1,080 ($14.44) and gave the company a buy rating in a research note on Thursday, November 9th. Numis Securities restated an add rating and set a GBX 1,012 ($13.53) price objective on shares of Workspace Group in a research report on Thursday, October 19th. JPMorgan Chase & Co. lifted their target price on Workspace Group from GBX 1,080 ($14.44) to GBX 1,100 ($14.71) and gave the stock an overweight rating in a report on Thursday, November 16th. Deutsche Bank boosted their price objective on Workspace Group from GBX 660 ($8.82) to GBX 1,000 ($13.37) and gave the company a hold rating in a research note on Monday, November 13th. Finally, Liberum Capital reiterated 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 985.38 ($13.18).

Workspace Group (WKP) traded up GBX 5 ($0.07) during trading on Tuesday, hitting GBX 1,002 ($13.40). The company had a trading volume of 58,815 shares, compared to its average volume of 184,887. Workspace Group has a fifty-two week low of GBX 735.50 ($9.83) and a fifty-two week high of GBX 999 ($13.36). The company has a market capitalization of $1,630.00 and a PE ratio of 808.06.

Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter.

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

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About Workspace Group

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.

Analyst Recommendations for Workspace Group (LON:WKP)

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