Workspace Group (WKP) Stock Rating Reaffirmed by Peel Hunt

Workspace Group (LON:WKP)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 1,050 ($14.13) price objective on the stock. Peel Hunt’s price target points to a potential upside of 13.33% from the stock’s previous close.

WKP has been the subject of several other reports. Numis Securities reaffirmed an “add” rating and set a GBX 1,012 ($13.62) price objective on shares of Workspace Group in a research note on Thursday, October 19th. Berenberg Bank upped their price objective on Workspace Group from GBX 1,050 ($14.13) to GBX 1,080 ($14.54) and gave the company a “buy” rating in a research note on Thursday, November 9th. Deutsche Bank upped their price objective on Workspace Group from GBX 660 ($8.88) to GBX 1,000 ($13.46) and gave the company a “hold” rating in a research note on Monday, November 13th. J P Morgan Chase & Co upped their price objective on Workspace Group from GBX 1,080 ($14.54) to GBX 1,100 ($14.80) and gave the company an “overweight” rating in a research note on Thursday, November 16th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 1,050 ($14.13) price objective on shares of Workspace Group in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 966.63 ($13.01).

Shares of Workspace Group (LON:WKP) opened at GBX 926.50 ($12.47) on Tuesday. Workspace Group has a one year low of GBX 678 ($9.13) and a one year high of GBX 972 ($13.08).

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

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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.

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