Workspace Group’s (WKP) “Underperform” Rating Reaffirmed at Jefferies Group

Jefferies Group reiterated their underperform rating on shares of Workspace Group (LON:WKP) in a research note released on Thursday. Jefferies Group currently has a GBX 750 ($10.17) price target on the stock.

Several other brokerages have also recently issued reports on WKP. Berenberg Bank raised their price objective on Workspace Group from GBX 1,050 ($14.24) to GBX 1,080 ($14.65) and gave the stock a buy rating in a research note on Thursday, November 9th. Numis Securities restated an add rating and issued a GBX 1,012 ($13.72) price objective on shares of Workspace Group in a research note on Thursday, October 19th. JPMorgan Chase & Co. raised their price objective on Workspace Group from GBX 1,080 ($14.65) to GBX 1,100 ($14.92) and gave the stock an overweight rating in a research note on Thursday, November 16th. Peel Hunt raised their price objective on Workspace Group from GBX 950 ($12.88) to GBX 1,050 ($14.24) and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, Liberum Capital restated a buy rating and issued a GBX 1,050 ($14.24) price objective on shares of Workspace Group in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,012.63 ($13.73).

Shares of Workspace Group (LON WKP) remained flat at $GBX 985 ($13.36) during trading hours on Thursday. The stock had a trading volume of 77,379 shares, compared to its average volume of 183,184. Workspace Group has a 52-week low of GBX 735.50 ($9.97) and a 52-week high of GBX 1,029 ($13.95). The stock has a market capitalization of $1,610.00 and a PE ratio of 794.35.

Workspace Group (LON:WKP) last announced its quarterly earnings data on Wednesday, November 8th. The company reported GBX 17.90 ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 17.60 ($0.24) by GBX 0.30 ($0.00). Workspace Group had a return on equity of 15.14% and a net margin of 201.14%. The firm had revenue of GBX 6,150 million during the quarter.

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, January 11th will be issued a GBX 8.84 ($0.12) dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, January 11th.

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About Workspace Group

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 (LON:WKP)

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