Workspace Group (WKP) Reaches New 12-Month High at $1,035.00

Workspace Group plc (LON:WKP) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,035 ($14.53) and last traded at GBX 1,035 ($14.53), with a volume of 277937 shares traded. The stock had previously closed at GBX 1,009 ($14.17).

Several research analysts have recently commented on the company. Liberum Capital boosted their price target on Workspace Group from GBX 1,050 ($14.75) to GBX 1,100 ($15.45) and gave the stock a “buy” rating in a research report on Monday, January 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,050 ($14.75) target price on shares of Workspace Group in a research report on Thursday, January 4th. Numis Securities reaffirmed an “add” rating and set a GBX 1,096 ($15.39) target price on shares of Workspace Group in a research report on Friday, January 19th. Canaccord Genuity upped their target price on Workspace Group from GBX 875 ($12.29) to GBX 925 ($12.99) and gave the company a “hold” rating in a research report on Friday, December 22nd. Finally, Jefferies Group reaffirmed an “underperform” rating and set a GBX 750 ($10.53) target price on shares of Workspace Group in a research report on Thursday, January 18th. One equities 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. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,012.63 ($14.22).

The company has a market cap of $1,650.00 and a PE ratio of 802.82.

Workspace Group (LON:WKP) last posted its quarterly earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 17.60 ($0.25) by GBX 0.30 ($0.00). The business had revenue of GBX 6,150 million for the quarter. Workspace Group had a return on equity of 15.14% and a net margin of 201.14%.

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

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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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