Berenberg Bank Boosts Workspace Group plc (WKP) Price Target to GBX 1,080

Workspace Group plc (LON:WKP) had its price target raised by Berenberg Bank from GBX 1,050 ($13.81) to GBX 1,080 ($14.20) in a report published on Thursday. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages also recently commented on WKP. Liberum Capital reissued a buy rating and issued a GBX 1,000 ($13.15) target price on shares of Workspace Group plc in a research note on Friday, July 28th. Numis Securities Ltd reissued an add rating and issued a GBX 1,012 ($13.31) target price on shares of Workspace Group plc in a research note on Thursday, October 19th. Finally, Peel Hunt raised their target price on shares of Workspace Group plc from GBX 950 ($12.50) to GBX 1,050 ($13.81) and gave the company a buy rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 959 ($12.61).

Workspace Group plc (LON WKP) opened at GBX 925 ($12.17) on Thursday. Workspace Group plc has a 1-year low of GBX 655.50 ($8.62) and a 1-year high of GBX 972 ($12.78).

Workspace Group plc (LON:WKP) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 17.60 ($0.23) by GBX 0.30 ($0.00). Workspace Group plc had a net margin of 147.29% and a return on equity of 10.53%. The company had revenue of GBX 6,150 million for the quarter.

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The company also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, January 11th will be paid a dividend of GBX 8.84 ($0.12) per share. This represents a yield of 0.96%. The ex-dividend date is Thursday, January 11th.

About Workspace Group plc

Workspace Group PLC is a real estate investment trust (REIT). The Company is engaged in property investment. The Company provides commercial property to let throughout London. The Company owns and manages over 65 properties all across London and is home to approximately 4,000 new and growing companies.

Analyst Recommendations for Workspace Group plc (LON:WKP)

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