Workspace Group plc (LON:WKP) insider Graham Clemett sold 5,797 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 682 ($8.68), for a total transaction of £39,535.54 ($50,318.87).
LON:WKP opened at GBX 684.50 ($8.71) on Monday. The company has a debt-to-equity ratio of 32.75, a current ratio of 1.25 and a quick ratio of 1.03. The company’s fifty day moving average price is GBX 706.23 and its 200-day moving average price is GBX 947.76. Workspace Group plc has a 1-year low of GBX 420.88 ($5.36) and a 1-year high of GBX 1,317 ($16.76). The firm has a market capitalization of $1.24 billion and a P/E ratio of 17.24.
Workspace Group (LON:WKP) last posted its quarterly earnings results on Friday, June 5th. The company reported GBX 44.60 ($0.57) EPS for the quarter, beating the consensus estimate of GBX 44.50 ($0.57) by GBX 0.10 ($0.00). Equities analysts anticipate that Workspace Group plc will post 4658.0002251 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be issued a GBX 24.49 ($0.31) dividend. The ex-dividend date is Thursday, July 2nd. This is an increase from Workspace Group’s previous dividend of $11.67. This represents a yield of 3.18%. Workspace Group’s payout ratio is presently 90.68%.
Several research analysts recently commented on WKP shares. Royal Bank of Canada reduced their price objective on shares of Workspace Group from GBX 875 ($11.14) to GBX 775 ($9.86) and set a “sector performer” rating for the company in a research note on Monday, June 22nd. JPMorgan Chase & Co. dropped their target price on Workspace Group from GBX 980 ($12.47) to GBX 930 ($11.84) and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Peel Hunt reaffirmed a “reduce” rating on shares of Workspace Group in a research report on Friday. Jefferies Financial Group upgraded Workspace Group to a “hold” rating and dropped their price target for the stock from GBX 900 ($11.45) to GBX 745 ($9.48) in a research note on Thursday, April 2nd. Finally, Barclays decreased their price objective on shares of Workspace Group from GBX 815 ($10.37) to GBX 800 ($10.18) and set an “overweight” rating for the company in a research report on Friday, June 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Workspace Group has a consensus rating of “Hold” and a consensus price target of GBX 980.56 ($12.48).
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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 3.8 million sq.
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