Numis Securities Reaffirms “Hold” Rating for Workspace Group (WKP)

Numis Securities restated their hold rating on shares of Workspace Group (LON:WKP) in a research report report published on Friday morning.

WKP has been the topic of a number of other research reports. Liberum Capital reissued a buy rating on shares of Workspace Group in a report on Monday, May 14th. Peel Hunt reissued a hold rating on shares of Workspace Group in a report on Thursday, July 5th. Deutsche Bank raised Workspace Group to a buy rating and increased their price objective for the company from GBX 1,080 ($13.98) to GBX 1,200 ($15.53) in a report on Tuesday, May 1st. Deutsche Bank lowered Workspace Group to a hold rating and set a GBX 1,200 ($15.53) price objective on the stock. in a report on Tuesday, May 29th. Finally, Berenberg Bank reissued a hold rating on shares of Workspace Group in a report on Tuesday, June 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,080.67 ($13.99).

Workspace Group traded down GBX 18 ($0.23), hitting GBX 1,070 ($13.85), during mid-day trading on Friday, Marketbeat.com reports. The stock had a trading volume of 106,664 shares, compared to its average volume of 168,295. Workspace Group has a 1-year low of GBX 748 ($9.68) and a 1-year high of GBX 1,040.50 ($13.47).

Workspace Group (LON:WKP) last issued its earnings results on Wednesday, June 6th. The company reported GBX 36.80 ($0.48) earnings per share for the quarter, topping the consensus estimate of GBX 36.40 ($0.47) by GBX 0.40 ($0.01). Workspace Group had a return on equity of 15.14% and a net margin of 201.14%.

The business also recently disclosed a dividend, which was paid on Friday, August 3rd. Stockholders of record on Thursday, July 5th were issued a dividend of GBX 18.55 ($0.24) per share. This is a positive change from Workspace Group’s previous dividend of $8.84. The ex-dividend date of this dividend was Thursday, July 5th. This represents a dividend yield of 1.64%.

In other Workspace Group news, insider Jamie Hopkins sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of GBX 1,091 ($14.12), for a total value of £163,650 ($211,844.66). Also, insider Christopher Pieroni sold 16,131 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of GBX 1,079 ($13.97), for a total value of £174,053.49 ($225,311.96).

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 3.7 million sq.

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Analyst Recommendations for Workspace Group (LON:WKP)

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