Deutsche Bank Reiterates “Buy” Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKP)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating on shares of Lookers in a report on Monday, July 8th. Liberum Capital raised their price objective on shares of Moneysupermarket.Com Group from GBX 520 ($6.79) and gave the company a “buy” rating in a report on Thursday. Barclays lowered shares of to an “underweight” rating and set a GBX 4,400 ($57.49) price objective on the stock. in a report on Tuesday, June 18th. Royal Bank of Canada lifted their price target on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a research note on Monday, June 24th. Finally, Numis Securities reiterated an “add” rating and set a GBX 1,050 ($13.72) price target on shares of in a research note on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,018.57 ($13.31).

Shares of WKP opened at GBX 899 ($11.75) on Friday. Workspace Group has a twelve month low of GBX 778 ($10.17) and a twelve month high of GBX 1,133 ($14.80). The firm has a fifty day moving average price of GBX 879.93. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 11.68. The company has a debt-to-equity ratio of 31.44, a current ratio of 0.86 and a quick ratio of 0.44.

In related news, insider Angus Boag sold 14,975 shares of Workspace Group 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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