Workspace Group (LON:WKP) Earns Buy Rating from Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Workspace Group (LON:WKP) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other analysts also recently weighed in on the stock. Numis Securities reiterated an add rating and issued a GBX 1,050 ($13.72) price objective on shares of in a research report on Wednesday, June 5th. Barclays downgraded shares of to an underweight rating and set a GBX 4,400 ($57.49) price target on the stock. in a research report on Tuesday, June 18th. Liberum Capital boosted their price target on shares of Moneysupermarket.Com Group from GBX 520 ($6.79) and gave the stock a buy rating in a research report on Thursday, July 11th. Berenberg Bank dropped their price target on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating on the stock in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of SEA in a research report on Wednesday, June 12th. They set an overweight rating and a $36.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 1,018.57 ($13.31).

Shares of Workspace Group stock opened at GBX 879 ($11.49) on Friday. The stock has a market capitalization of $1.59 billion and a P/E ratio of 11.42. The firm has a 50-day simple moving average of GBX 879.62. Workspace Group has a 52 week low of GBX 778 ($10.17) and a 52 week high of GBX 1,133 ($14.80). The company has a quick ratio of 0.44, a current ratio of 0.86 and a debt-to-equity ratio of 31.44.

The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be issued a GBX 22.26 ($0.29) dividend. This is an increase from Workspace Group’s previous dividend of $10.61. This represents a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, July 4th. Workspace Group’s payout ratio is presently 0.43%.

In related news, insider Angus Boag sold 14,975 shares of the business’s 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.

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Analyst Recommendations for Workspace Group (LON:WKP)

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