Workspace Group (LON:WKP) Hits New 1-Year High at $1,055.00

Workspace Group plc (LON:WKP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,055 ($13.79) and last traded at GBX 1,054 ($13.77), with a volume of 10775 shares trading hands. The stock had previously closed at GBX 1,058 ($13.82).

WKP has been the topic of several analyst reports. Liberum Capital restated a “buy” rating on shares of Workspace Group in a research note on Friday, October 4th. Berenberg Bank raised their price target on shares of Workspace Group from GBX 900 ($11.76) to GBX 925 ($12.09) and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays raised their price target on shares of Workspace Group from GBX 980 ($12.81) to GBX 1,000 ($13.07) and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Peel Hunt restated a “hold” rating on shares of Workspace Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Workspace Group presently has an average rating of “Buy” and a consensus target price of GBX 1,025 ($13.39).

The firm’s 50 day simple moving average is GBX 987.72 and its 200 day simple moving average is GBX 915.24. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 13.69. The company has a quick ratio of 0.44, a current ratio of 0.86 and a debt-to-equity ratio of 31.44.

About Workspace Group (LON:WKP)

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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