Workspace Group plc (WKP) Price Target Raised to GBX 1,000

Workspace Group plc (LON:WKP) had its target price raised by equities research analysts at Deutsche Bank AG from GBX 660 ($8.68) to GBX 1,000 ($13.15) in a research note issued on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 6.89% from the company’s current price.

Other analysts have also recently issued reports about the stock. Peel Hunt upped their price target on shares of Workspace Group plc from GBX 950 ($12.50) to GBX 1,050 ($13.81) and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,050 ($13.81) price target on shares of Workspace Group plc in a research report on Wednesday, November 8th. Berenberg Bank upped their price target on shares of Workspace Group plc from GBX 1,050 ($13.81) to GBX 1,080 ($14.20) and gave the stock a “buy” rating in a research report on Thursday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,080 ($14.20) price target on shares of Workspace Group plc in a research report on Thursday. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,012 ($13.31) price target on shares of Workspace Group plc in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 964.13 ($12.68).

Shares of Workspace Group plc (WKP) opened at GBX 935.50 ($12.30) on Monday. Workspace Group plc has a 12-month low of GBX 655.50 ($8.62) and a 12-month high of GBX 972 ($12.78).

Workspace Group plc (LON:WKP) last announced its quarterly earnings results on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 17.60 ($0.23) by GBX 0.30 ($0.00). Workspace Group plc had a net margin of 147.29% and a return on equity of 10.53%. The firm had revenue of GBX 6,150 million during the quarter.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/11/13/workspace-group-plc-wkp-price-target-raised-to-gbx-1000.html.

About Workspace Group plc

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.

Analyst Recommendations for Workspace Group plc (LON:WKP)

Receive News & Ratings for Workspace Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workspace Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply