Workspace Group (WKP) Given New GBX 1,200 Price Target at JPMorgan Chase & Co.

Workspace Group (LON:WKP) had its price objective cut by JPMorgan Chase & Co. from GBX 1,250 ($16.33) to GBX 1,200 ($15.68) in a research report sent to investors on Friday morning. They currently have an overweight rating on the stock.

WKP has been the subject of several other reports. Liberum Capital reaffirmed a buy rating on shares of Workspace Group in a research note on Friday, October 19th. Peel Hunt reaffirmed a hold rating on shares of Workspace Group in a research note on Wednesday, November 14th. Finally, Numis Securities reaffirmed a hold rating on shares of Workspace Group in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 1,093.25 ($14.29).

Shares of Workspace Group stock traded down GBX 0.50 ($0.01) on Friday, hitting GBX 889.50 ($11.62). The stock had a trading volume of 155,619 shares, compared to its average volume of 168,295. Workspace Group has a 52-week low of GBX 748 ($9.77) and a 52-week high of GBX 1,040.50 ($13.60).

Workspace Group (LON:WKP) last posted its earnings results on Wednesday, November 14th. The company reported GBX 20.20 ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 20 ($0.26) by GBX 0.20 ($0.00).

The business also recently disclosed a dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Thursday, January 10th will be paid a dividend of GBX 10.61 ($0.14) per share. This represents a yield of 1.09%. The ex-dividend date is Thursday, January 10th.

About Workspace Group

Workspace is focused on helping businesses perform at their very best. The Workspace Advantage is our unique customer offer and is open to all – we provide inspiring, flexible work spaces with super-fast technology in dynamic London locations. Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.7 million sq.

See Also: Intrinsic Value

Analyst Recommendations for Workspace Group (LON:WKP)

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