Workspace Group (LON:WKP) Shares Cross Above 200-Day Moving Average of $525.54

Posted by Defense World Staff on Jun 22nd, 2024

Workspace Group Plc (LON:WKP – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 525.54 ($6.68) and traded as high as GBX 589 ($7.48). Workspace Group shares last traded at GBX 589 ($7.48), with a volume of 859,444 shares changing hands.

Wall Street Analysts Forecast Growth

WKP has been the topic of a number of research reports. Barclays lifted their price target on shares of Workspace Group from GBX 550 ($6.99) to GBX 595 ($7.56) and gave the company an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Workspace Group from GBX 650 ($8.26) to GBX 700 ($8.89) and gave the stock an “overweight” rating in a research report on Thursday, June 6th.

Read Our Latest Report on Workspace Group

Workspace Group Price Performance

The company has a debt-to-equity ratio of 56.11, a current ratio of 1.30 and a quick ratio of 0.11. The company’s 50-day simple moving average is GBX 537.84 and its 200-day simple moving average is GBX 525.54. The stock has a market capitalization of £1.13 billion, a P/E ratio of -507.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05.

Workspace Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th will be given a dividend of GBX 19 ($0.24) per share. This is a positive change from Workspace Group’s previous dividend of $9.00. This represents a yield of 3.45%. The ex-dividend date is Thursday, July 4th. Workspace Group’s dividend payout ratio is -2,241.38%.

About Workspace Group

(Get Free Report)

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.