Workspace Group (LON:WKP)‘s stock had its “add” rating reaffirmed by investment analysts at Numis Securities in a note issued to investors on Friday. They presently have a GBX 1,012 ($13.62) price target on the stock. Numis Securities’ price objective points to a potential upside of 8.18% from the stock’s previous close.
WKP has been the subject of several other research reports. Berenberg Bank raised their price objective on shares of Workspace Group from GBX 1,050 ($14.13) to GBX 1,080 ($14.54) and gave the company a “buy” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co raised their price objective on shares of Workspace Group from GBX 1,080 ($14.54) to GBX 1,100 ($14.80) and gave the company an “overweight” rating in a research report on Thursday, November 16th. Peel Hunt raised their price objective on shares of Workspace Group from GBX 950 ($12.79) to GBX 1,050 ($14.13) and gave the company a “buy” rating in a research report on Wednesday, November 8th. Liberum Capital restated a “buy” rating and issued a GBX 1,050 ($14.13) price objective on shares of Workspace Group in a research report on Wednesday, November 8th. Finally, Deutsche Bank raised their price objective on shares of Workspace Group from GBX 660 ($8.88) to GBX 1,000 ($13.46) and gave the company a “hold” rating in a research report on Monday, November 13th. 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. Workspace Group presently has an average rating of “Hold” and an average target price of GBX 966.63 ($13.01).
Shares of Workspace Group (WKP) opened at GBX 935.50 ($12.59) on Friday. Workspace Group has a 1 year low of GBX 716 ($9.64) and a 1 year high of GBX 972 ($13.08).
Workspace Group (LON:WKP) last announced its earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). The business had revenue of GBX 6,150 million during the quarter. Workspace Group had a net margin of 201.14% and a return on equity of 15.14%.
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About Workspace Group
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.
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