Peel Hunt Reiterates Hold Rating for Workspace Group (LON:WKP)

Peel Hunt reiterated their hold rating on shares of Workspace Group (LON:WKP) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.

WKP has been the topic of several other reports. Barclays lowered shares of to an underweight rating and set a GBX 4,400 ($57.49) price objective on the stock. in a research note on Tuesday, June 18th. Liberum Capital reiterated a buy rating on shares of Aquis Exchange in a research note on Wednesday, June 5th. Numis Securities reiterated an add rating and issued a GBX 1,050 ($13.72) price target on shares of in a research note on Wednesday, June 5th. JPMorgan Chase & Co. assumed coverage on shares of SEA in a research note on Wednesday, June 12th. They issued an overweight rating and a $36.00 price target on the stock. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 350 ($4.57) price target on shares of in a research note on Friday, July 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 1,044.38 ($13.65).

Shares of Workspace Group stock traded up GBX 12 ($0.16) during trading on Monday, hitting GBX 889.50 ($11.62). 289,782 shares of the stock were exchanged, compared to its average volume of 168,295. The firm has a market cap of $1.60 billion and a PE ratio of 11.55. The stock has a fifty day moving average of GBX 881. Workspace Group has a 1-year low of GBX 778 ($10.17) and a 1-year high of GBX 1,133 ($14.80). The company has a debt-to-equity ratio of 31.44, a current ratio of 0.86 and a quick ratio of 0.44.

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th will be issued a GBX 22.26 ($0.29) dividend. The ex-dividend date is Thursday, July 4th. This represents a yield of 2.51%. This is an increase from Workspace Group’s previous dividend of $10.61. Workspace Group’s payout ratio is currently 0.43%.

In other Workspace Group news, insider Angus Boag sold 14,975 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of GBX 889 ($11.62), for a total value of £133,127.75 ($173,954.98).

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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Analyst Recommendations for Workspace Group (LON:WKP)

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