Workspace Group plc (LON:WKP) Insider Graham Clemett Sells 5,797 Shares

Workspace Group plc (LON:WKP) insider Graham Clemett sold 5,797 shares of the stock in a transaction dated 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).

Shares of Workspace Group stock opened at GBX 660 ($8.12) on Tuesday. The company has a market capitalization of $1.24 billion and a price-to-earnings ratio of 17.24. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 32.75. Workspace Group plc has a 12-month low of GBX 420.88 ($5.18) and a 12-month high of GBX 1,317 ($16.21). The firm’s 50-day moving average price is GBX 702.42 and its two-hundred day moving average price is GBX 940.55.

Workspace Group (LON:WKP) last announced its quarterly earnings data on Friday, June 5th. The company reported GBX 44.60 ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 44.50 ($0.55) by GBX 0.10 ($0.00). On average, sell-side analysts expect that Workspace Group plc will post 4658.0002251 earnings per share for the current year.

The business also recently declared 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 an increase from Workspace Group’s previous dividend of $11.67. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, July 2nd. Workspace Group’s dividend payout ratio (DPR) is presently 90.68%.

WKP has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Workspace Group from GBX 980 ($12.06) to GBX 930 ($11.44) and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Peel Hunt reaffirmed a “reduce” rating on shares of Workspace Group in a research report on Friday. Liberum Capital reaffirmed a “buy” rating on shares of Workspace Group in a research report on Friday, June 5th. Barclays lowered their price target on shares of Workspace Group from GBX 815 ($10.03) to GBX 800 ($9.84) and set an “overweight” rating on the stock in a research report on Friday, June 19th. Finally, Royal Bank of Canada lowered their price target on shares of Workspace Group from GBX 875 ($10.77) to GBX 775 ($9.54) and set a “sector performer” rating on the stock in a research report on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 980.56 ($12.07).

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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