Key Points
- Insider purchase: David Stevenson bought 1,366 shares of Workspace Group on November 21 at an average price of GBX 364 per share, a transaction worth £4,972.24.
- Weak recent results: The company reported quarterly EPS of GBX (37) and showed a negative net margin (−104.45%) and negative return on equity (−12.20%), indicating recent losses.
- Analyst sentiment: Three analysts rate the stock a Buy with a consensus price target of GBX 464.33 (broker targets range GBX 403–500), while the shares trade around GBX 367.5 and the market cap is about £706.5 million.
Workspace Group Plc (LON:WKP - Get Free Report) insider David Stevenson bought 1,366 shares of the stock in a transaction on Friday, November 21st. The stock was purchased at an average price of GBX 364 per share, for a total transaction of £4,972.24.
Workspace Group Stock Up 0.8%
WKP opened at GBX 367.50 on Friday. The company has a market capitalization of £706.54 million, a PE ratio of 131.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 57.43, a current ratio of 1.23 and a quick ratio of 0.11. Workspace Group Plc has a fifty-two week low of GBX 360 and a fifty-two week high of GBX 569. The business has a 50-day moving average of GBX 399.90 and a 200-day moving average of GBX 407.16.
Workspace Group (LON:WKP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX (37) EPS for the quarter. Workspace Group had a negative net margin of 104.45% and a negative return on equity of 12.20%. Equities research analysts forecast that Workspace Group Plc will post 36.7630058 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on WKP. Peel Hunt restated a "buy" rating and set a GBX 500 price target on shares of Workspace Group in a research note on Thursday, October 16th. Jefferies Financial Group decreased their price objective on shares of Workspace Group from GBX 516 to GBX 490 and set a "buy" rating for the company in a report on Thursday. Finally, Berenberg Bank restated a "buy" rating and set a GBX 403 target price on shares of Workspace Group in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Workspace Group presently has an average rating of "Buy" and a consensus price target of GBX 464.33.
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Workspace Group Company Profile
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Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.
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