Workspace Group (LON:WKP) Earns “Buy” Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Workspace Group (LON:WKP) in a research report report published on Wednesday, June 5th, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank lifted their target price on shares of Workspace Group from GBX 1,000 ($13.07) to GBX 1,200 ($15.68) and gave the stock a buy rating in a research report on Wednesday, April 24th. Peel Hunt reaffirmed a hold rating on shares of Workspace Group in a report on Wednesday, May 8th. Berenberg Bank reaffirmed a hold rating and issued a GBX 900 ($11.76) price target on shares of Workspace Group in a report on Tuesday, May 7th. Royal Bank of Canada started coverage on shares of Workspace Group in a report on Thursday, March 28th. They issued a sector performer rating and a GBX 1,000 ($13.07) price target on the stock. Finally, Numis Securities reaffirmed a hold rating on shares of Workspace Group in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 1,044.38 ($13.65).

Shares of WKP traded up GBX 9 ($0.12) during trading hours on Wednesday, hitting GBX 874 ($11.42). The stock had a trading volume of 562,512 shares, compared to its average volume of 168,295. The firm has a market cap of $1.58 billion and a price-to-earnings ratio of 9.95. The company has a quick ratio of 1.10, a current ratio of 1.62 and a debt-to-equity ratio of 27.24. Workspace Group has a 1-year low of GBX 778 ($10.17) and a 1-year high of GBX 1,133 ($14.80). The business’s 50 day moving average is GBX 900.78.

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 22.26 ($0.29) per share. This is a positive change 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 0.33%.

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

About Workspace Group

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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