Royal Bank of Canada Reaffirms “Outperform” Rating for Workspace Group (LON:WKP)

Workspace Group (LON:WKPGet Rating)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research note issued to investors on Friday, reports. They presently have a GBX 1,000 ($12.33) price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 52.32% from the stock’s current price.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 980 ($12.08) price objective on shares of Workspace Group in a research note on Wednesday, February 23rd. Barclays reissued an “underweight” rating and issued a GBX 800 ($9.86) price objective on shares of Workspace Group in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to, the stock currently has a consensus rating of “Hold” and an average price target of GBX 910 ($11.22).

Workspace Group stock traded up GBX 9.50 ($0.12) on Friday, reaching GBX 656.50 ($8.09). The company’s stock had a trading volume of 61,693 shares, compared to its average volume of 366,235. The company has a debt-to-equity ratio of 36.85, a quick ratio of 0.85 and a current ratio of 1.03. The company has a market cap of £1.19 billion and a price-to-earnings ratio of -9.73. The business’s fifty day moving average price is GBX 667.09 and its 200 day moving average price is GBX 763.27. Workspace Group has a twelve month low of GBX 592.50 ($7.30) and a twelve month high of GBX 979 ($12.07).


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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.

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Analyst Recommendations for Workspace Group (LON:WKP)

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