Workspace Group (LON:WKP) Hits New 1-Year High at $650.00

Posted by Adam Masters on Sep 12th, 2024

Workspace Group Plc (LON:WKP – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 650 ($8.50) and last traded at GBX 649 ($8.49), with a volume of 64195 shares. The stock had previously closed at GBX 639 ($8.36).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on Workspace Group from GBX 650 ($8.50) to GBX 700 ($9.15) and gave the stock an “overweight” rating in a research note on Thursday, June 6th.

View Our Latest Research Report on WKP

Workspace Group Trading Up 1.6 %

The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. The company has a market capitalization of £1.25 billion, a price-to-earnings ratio of -639.00, a P/E/G ratio of 1.54 and a beta of 1.04. The business’s 50-day moving average price is GBX 617.82 and its two-hundred day moving average price is GBX 558.94.

Insider Buying and Selling

In other news, insider David Benson sold 19,129 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,500.90). In other Workspace Group news, insider Graham Clemett sold 3,597 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.72), for a total transaction of £21,222.30 ($27,752.45). Also, insider David Benson sold 19,129 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,500.90). 32.49% of the stock is owned by company insiders.

Workspace Group Company Profile

(Get Free Report)

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.