Liberum Capital Reiterates Buy Rating for Workspace Group (WKP)

Liberum Capital reaffirmed their buy rating on shares of Workspace Group (LON:WKP) in a research report released on Friday.

WKP has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price objective on shares of Workspace Group from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) and set an overweight rating for the company in a report on Friday, November 23rd. Deutsche Bank upgraded shares of Workspace Group to a buy rating and decreased their price objective for the stock from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) in a report on Wednesday, January 16th. Peel Hunt reiterated a hold rating on shares of Workspace Group in a report on Monday, January 14th. Finally, Barclays reiterated an overweight rating and issued a GBX 980 ($12.81) price objective on shares of Workspace Group in a report on Tuesday, December 11th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 1,107.29 ($14.47).

LON:WKP traded down GBX 2.50 ($0.03) during trading hours on Friday, reaching GBX 950.50 ($12.42). The company’s stock had a trading volume of 144,916 shares, compared to its average volume of 168,295. Workspace Group has a one year low of GBX 748 ($9.77) and a one year high of GBX 1,040.50 ($13.60).

Workspace Group (LON:WKP) last issued its quarterly earnings data on Wednesday, November 14th. The company reported GBX 20.20 ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 20 ($0.26) by GBX 0.20 ($0.00).

The company also recently announced a dividend, which was paid on Wednesday, February 6th. Shareholders of record on Thursday, January 10th were given a dividend of GBX 10.61 ($0.14) per share. This represents a yield of 1.09%. The ex-dividend date was Thursday, January 10th.

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 3.8 million sq.

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