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, MarketBeat.com 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 MarketBeat.com, 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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