Workspace Group (LON:WKP) Sets New 52-Week High at $663.00

Workspace Group Plc (LON:WKP)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 663 ($8.67) and last traded at GBX 663 ($8.67), with a volume of 43 shares. The stock had previously closed at GBX 647 ($8.46).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on Workspace Group from GBX 650 ($8.50) to GBX 700 ($9.15) and gave the stock an “overweight” rating in a research note on Thursday, June 6th.

Workspace Group Stock Up 0.2 %

The firm has a market cap of £1.27 billion, a price-to-earnings ratio of -663.00, a PEG ratio of 1.54 and a beta of 1.04. The business’s 50 day moving average price is GBX 620.44 and its 200 day moving average price is GBX 561.24. The company has a debt-to-equity ratio of 57.43, a quick ratio of 0.11 and a current ratio of 1.23.

Insider Buying and Selling at Workspace Group

In other Workspace Group news, insider Graham Clemett sold 3,597 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.72), for a total value of £21,222.30 ($27,752.45). In related news, insider David Benson sold 19,129 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,500.90). Also, insider Graham Clemett sold 3,597 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.72), for a total value of £21,222.30 ($27,752.45). 32.49% of the stock is currently owned by insiders.

Workspace Group Company Profile

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.