Workspace Group’s (WKP) “Reduce” Rating Reaffirmed at Peel Hunt
Peel Hunt restated their reduce rating on shares of Workspace Group (LON:WKP) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Workspace Group from GBX 980 ($12.06) to GBX 930 ($11.44) and set an overweight rating for the company in a research note on Thursday, April 30th. Royal Bank of Canada cut their price target on shares of Workspace Group from GBX 875 ($10.77) to GBX 775 ($9.54) and set a sector performer rating for the company in a research note on Monday, June 22nd. Liberum Capital reaffirmed a buy rating on shares of Workspace Group in a research note on Friday, June 5th. Jefferies Financial Group raised shares of Workspace Group to a hold rating and cut their price objective for the company from GBX 900 ($11.08) to GBX 745 ($9.17) in a research note on Thursday, April 2nd. Finally, Berenberg Bank reaffirmed a hold rating on shares of Workspace Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 980.56 ($12.07).
WKP stock opened at GBX 660 ($8.12) on Friday. The company has a debt-to-equity ratio of 32.75, a current ratio of 1.25 and a quick ratio of 1.03. Workspace Group has a one year low of GBX 420.88 ($5.18) and a one year high of GBX 1,317 ($16.21). The stock has a market cap of $1.24 billion and a PE ratio of 17.24. The firm has a 50 day simple moving average of GBX 702.42 and a two-hundred day simple moving average of GBX 940.55.
The firm also recently disclosed a dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a GBX 24.49 ($0.30) dividend. This is a boost from Workspace Group’s previous dividend of $11.67. The ex-dividend date is Thursday, July 2nd. This represents a dividend yield of 3.18%. Workspace Group’s dividend payout ratio is 90.68%.
In other Workspace Group news, insider Graham Clemett sold 5,797 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of GBX 682 ($8.39), for a total transaction of £39,535.54 ($48,653.14).
About Workspace Group
Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.8 million sq.
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