Workspace Group (LON:WKP) Reaches New 1-Year Low at $484.80

Workspace Group plc (LON:WKPGet Rating)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 484.80 ($5.86) and last traded at GBX 489.20 ($5.91), with a volume of 188658 shares changing hands. The stock had previously closed at GBX 507 ($6.13).

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Berenberg Bank raised shares of Workspace Group to a “buy” rating and lowered their price target for the company from GBX 850 ($10.27) to GBX 650 ($7.85) in a report on Wednesday, August 31st. Barclays lowered their price target on shares of Workspace Group from GBX 800 ($9.67) to GBX 640 ($7.73) and set an “overweight” rating on the stock in a report on Monday, July 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 838 ($10.13).

Workspace Group Stock Performance

The stock’s 50-day simple moving average is GBX 548.26 and its 200-day simple moving average is GBX 618.82. The stock has a market cap of £942.86 million and a price-to-earnings ratio of 719.41. The company has a current ratio of 1.61, a quick ratio of 0.66 and a debt-to-equity ratio of 34.81.

Insiders Place Their Bets

In other Workspace Group news, insider Graham Clemett sold 6,209 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of GBX 647 ($7.82), for a total transaction of £40,172.23 ($48,540.64).

About Workspace Group

(Get Rating)

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages some 4 million sq. ft. of business space in London. We are home to London's brightest businesses, including fast growing and established brands across a wide range of sectors. Workspace is geared towards helping businesses perform at their very best.

Further Reading

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