Insider Selling: Workspace Group Plc (LON:WKP) Insider Sells 3,597 Shares of Stock

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

Workspace Group Trading Up 1.3 %

Shares of Workspace Group stock traded up GBX 7.42 ($0.09) during midday trading on Friday, reaching GBX 593.42 ($7.53). 311,810 shares of the company’s stock traded hands, compared to its average volume of 238,561. The company has a debt-to-equity ratio of 56.11, a quick ratio of 0.11 and a current ratio of 1.30. The company has a market cap of £1.14 billion, a PE ratio of -510.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The stock has a 50 day moving average of GBX 545.32 and a 200-day moving average of GBX 526.95. Workspace Group Plc has a 12 month low of GBX 449.20 ($5.70) and a 12 month high of GBX 617 ($7.83).

Workspace Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WKP shares. 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 report on Thursday, June 6th. Barclays boosted their price objective on Workspace Group from GBX 550 ($6.98) to GBX 595 ($7.55) and gave the company an “overweight” rating in a research report on Friday, May 3rd.

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.