Workspace Group (LON:WKP) Given “Buy” Rating at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Workspace Group (LON:WKP) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently commented on WKP. JPMorgan Chase & Co. assumed coverage on shares of SEA in a report on Wednesday, June 12th. They issued an overweight rating and a $36.00 target price for the company. Peel Hunt reiterated a buy rating on shares of Lookers in a report on Monday, July 8th. Berenberg Bank decreased their target price on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating for the company in a report on Tuesday, May 7th. Deutsche Bank reiterated a hold rating and issued a GBX 350 ($4.57) target price on shares of in a report on Friday, July 5th. Finally, Royal Bank of Canada raised their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a report on Monday, June 24th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 1,018.57 ($13.31).

Shares of WKP opened at GBX 899 ($11.75) on Thursday. Workspace Group has a one year low of GBX 778 ($10.17) and a one year high of GBX 1,133 ($14.80). The stock has a 50-day moving average price of GBX 879.93. The firm has a market capitalization of $1.62 billion and a PE ratio of 11.68. The company has a debt-to-equity ratio of 31.44, a quick ratio of 0.44 and a current ratio of 0.86.

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, July 4th will be given a GBX 22.26 ($0.29) dividend. This represents a dividend yield of 2.51%. This is a positive change from Workspace Group’s previous dividend of $10.61. The ex-dividend date of this dividend is Thursday, July 4th. Workspace Group’s dividend payout ratio is 0.43%.

In other news, insider Angus Boag sold 14,975 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of GBX 889 ($11.62), for a total value of £133,127.75 ($173,954.98).

Workspace Group Company Profile

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.

Further Reading: Overbought

Analyst Recommendations for Workspace Group (LON:WKP)

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