Workspace Group (LON:WKP) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemWorkspace Group Plc (LON:WKP – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 380.22 and traded as low as GBX 336. Workspace Group shares last traded at GBX 337.20, with a volume of 435,088 shares traded.
Wall Street Analyst Weigh In
WKP has been the subject of a number of research reports. Stifel Nicolaus cut their target price on shares of Workspace Group from GBX 550 to GBX 500 and set a “buy” rating for the company in a research report on Friday, April 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 503 target price on shares of Workspace Group in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 400 price target on shares of Workspace Group in a report on Monday, May 11th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 424 price objective on shares of Workspace Group in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Workspace Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 465.40.
Read Our Latest Stock Analysis on WKP
Workspace Group Price Performance
The company has a current ratio of 1.47, a quick ratio of 0.11 and a debt-to-equity ratio of 61.92. The company has a market capitalization of £644.55 million, a P/E ratio of -8.49, a P/E/G ratio of 1.54 and a beta of 1.11. The business’s fifty day moving average price is GBX 344.77 and its 200-day moving average price is GBX 379.46.
About Workspace Group
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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.