Workspace Group (LON:WKP) Reaches New 12-Month High at $617.00

Workspace Group Plc (LON:WKP) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 617 ($7.90) and last traded at GBX 615 ($7.88), with a volume of 476811 shares traded. The stock had previously closed at GBX 606 ($7.76).

Analyst Ratings Changes

Several research analysts have weighed in on WKP shares. JPMorgan Chase & Co. increased their price target on shares of Workspace Group from GBX 650 ($8.33) to GBX 700 ($8.97) and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Barclays increased their price objective on shares of Workspace Group from GBX 550 ($7.04) to GBX 595 ($7.62) and gave the stock an “overweight” rating in a research note on Friday, May 3rd.

Workspace Group Stock Down 0.3 %

The company has a market capitalization of £1.23 billion, a PE ratio of -556.03, a PEG ratio of 1.54 and a beta of 1.05. The company’s 50 day moving average is GBX 564 and its two-hundred day moving average is GBX 529.34. The company has a quick ratio of 0.11, a current ratio of 1.30 and a debt-to-equity ratio of 56.11.

Workspace Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be paid a dividend of GBX 19 ($0.24) per share. This represents a yield of 3.45%. This is a boost from Workspace Group’s previous dividend of $9.00. The ex-dividend date of this dividend is Thursday, July 4th. Workspace Group’s dividend payout ratio (DPR) is presently -2,241.38%.

Insiders Place Their Bets

In other Workspace Group news, 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 ($7.56), for a total value of £21,222.30 ($27,183.68). In other Workspace Group news, 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 ($7.56), for a total value of £21,222.30 ($27,183.68). Also, insider David Benson sold 19,129 shares of Workspace Group stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,470.14). Corporate insiders own 28.97% of the company’s stock.

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.