Berenberg Bank Reaffirms “Hold” Rating for Workspace Group (WKP)

Workspace Group (LON:WKP)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a report released on Tuesday, April 2nd, Digital Look reports. They currently have a GBX 900 ($11.76) target price on the stock. Berenberg Bank’s price target indicates a potential downside of 8.58% from the stock’s previous close.

Several other brokerages also recently weighed in on WKP. Liberum Capital reissued a “buy” rating on shares of Workspace Group in a research note on Wednesday, December 5th. Deutsche Bank upgraded shares of Workspace Group to a “buy” rating and cut their price target for the stock from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) in a report on Wednesday, January 16th. Peel Hunt restated a “hold” rating on shares of Workspace Group in a report on Monday, January 14th. Finally, Barclays restated an “overweight” rating and issued a GBX 980 ($12.81) price target on shares of Workspace Group in a report on Tuesday, December 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,094.56 ($14.30).

Shares of WKP traded down GBX 6.50 ($0.08) during midday trading on Tuesday, hitting GBX 984.50 ($12.86). The stock had a trading volume of 112,386 shares, compared to its average volume of 168,295. Workspace Group has a 1 year low of GBX 778 ($10.17) and a 1 year high of GBX 1,176 ($15.37). The company has a market cap of $1.77 billion and a P/E ratio of 11.21. The company has a current ratio of 1.62, a quick ratio of 1.10 and a debt-to-equity ratio of 27.24.

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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