Workspace Group Plc (LON:WKP) Insider Graham Clemett Sells 3,597 Shares

Workspace Group Plc (LON:WKP) insider Graham Clemett sold 3,597 shares of Workspace Group stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.48), for a total value of £21,222.30 ($26,921.60).

Workspace Group Stock Up 1.4 %

Shares of WKP stock opened at GBX 594 ($7.54) on Friday. Workspace Group Plc has a 1-year low of GBX 449.20 ($5.70) and a 1-year high of GBX 617 ($7.83). The stock’s fifty day moving average price is GBX 547.35 and its 200 day moving average price is GBX 527.36. 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 has a market cap of £1.14 billion, a price-to-earnings ratio of -512.07, 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. The ex-dividend date is Thursday, July 4th. This represents a yield of 3.45%. This is a boost from Workspace Group’s previous dividend of $9.00. Workspace Group’s payout ratio is currently -2,241.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays boosted their target price on Workspace Group from GBX 550 ($6.98) to GBX 595 ($7.55) and gave the stock an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on Workspace Group from GBX 650 ($8.25) to GBX 700 ($8.88) and gave the stock an “overweight” rating in a research note on Thursday, June 6th.

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.