Published On: Mon, Sep 19th, 2016

Workspace Group Plc (WKP) Given “Buy” Rating at Peel Hunt

Workspace Group Plc (LON:WKP)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Monday. They presently have a GBX 850 ($11.32) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 22.66% from the company’s current price.
A number of other research firms also recently commented on WKP. Deutsche Bank AG dropped their price objective on Workspace Group Plc from GBX 1,150 ($15.32) to GBX 1,075 ($14.32) and set a “buy” rating on the stock in a report on Friday, June 24th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,100 ($14.65) price objective on shares of Workspace Group Plc in a report on Thursday, June 9th. Numis Securities Ltd restated a “hold” rating and issued a GBX 836 ($11.13) price objective on shares of Workspace Group Plc in a report on Wednesday, June 8th. Liberum Capital restated a “buy” rating and issued a GBX 1,100 ($14.65) price objective on shares of Workspace Group Plc in a report on Wednesday, June 8th. Finally, Jefferies Group restated a “hold” rating and issued a GBX 765 ($10.19) price objective on shares of Workspace Group Plc in a report on Wednesday, June 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 910.20 ($12.12).
Shares of Workspace Group Plc (LON:WKP) opened at 690.00 on Monday. Workspace Group Plc has a one year low of GBX 569.00 and a one year high of GBX 989.50. The firm’s market capitalization is GBX 1.12 billion. The firm’s 50 day moving average is GBX 688.07 and its 200-day moving average is GBX 752.33.

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In related news, insider Clemett,Graham acquired 4,922 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were acquired at an average price of GBX 840 ($11.19) per share, for a total transaction of £41,344.80 ($55,067.66). Also, insider Hubbard,Stephen acquired 7,140 shares of the stock in a transaction dated Monday, July 18th. The stock was bought at an average price of GBX 692 ($9.22) per share, for a total transaction of £49,408.80 ($65,808.20).

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