J P Morgan Chase & Co Raises Workspace Group (WKP) Price Target to GBX 1,100

Workspace Group (LON:WKP) had its price target raised by J P Morgan Chase & Co from GBX 1,080 ($14.54) to GBX 1,100 ($14.80) in a report issued on Thursday, November 16th, MarketBeat reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on WKP. Numis Securities reaffirmed an add rating and issued a GBX 1,012 ($13.62) price objective on shares of Workspace Group in a research report on Thursday, October 19th. Deutsche Bank boosted their price target on shares of Workspace Group from GBX 660 ($8.88) to GBX 1,000 ($13.46) and gave the stock a hold rating in a research report on Monday, November 13th. Liberum Capital reissued a buy rating and set a GBX 1,000 ($13.46) price target on shares of Workspace Group in a research report on Friday, July 28th. Berenberg Bank boosted their price target on shares of Workspace Group from GBX 1,050 ($14.13) to GBX 1,080 ($14.54) and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, Peel Hunt reissued a buy rating and set a GBX 950 ($12.79) price target on shares of Workspace Group in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 966.63 ($13.01).

Shares of Workspace Group (LON WKP) traded down GBX 1.50 ($0.02) during mid-day trading on Thursday, hitting GBX 926.50 ($12.47). 162,417 shares of the stock traded hands, compared to its average volume of 197,143. Workspace Group has a one year low of GBX 678 ($9.13) and a one year high of GBX 972 ($13.08).

Workspace Group (LON:WKP) last posted its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) EPS for the quarter, beating the consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). The business had revenue of GBX 6,150 million for the quarter. Workspace Group had a net margin of 201.14% and a return on equity of 15.14%.

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

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Workspace Group Company Profile

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 (LON:WKP)

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