Workspace Group (LON:WKP) Shares Cross Above 200 Day Moving Average of $555.12

Workspace Group Plc (LON:WKP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 555.12 ($7.30) and traded as high as GBX 643 ($8.45). Workspace Group shares last traded at GBX 641 ($8.43), with a volume of 127,099 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on Workspace Group from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the company an “overweight” rating in a report on Thursday, June 6th.

Workspace Group Trading Up 0.5 %

The stock has a 50 day simple moving average of GBX 614.56 and a 200-day simple moving average of GBX 555.43. The company has a current ratio of 1.23, a quick ratio of 0.11 and a debt-to-equity ratio of 57.43. The firm has a market capitalization of £1.23 billion, a P/E ratio of -641.00, a P/E/G ratio of 1.54 and a beta of 1.05.

Insider Activity at Workspace Group

In other Workspace Group news, insider David Benson sold 19,129 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,509.19). In other Workspace Group news, insider David Benson sold 19,129 shares of the company’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 value of £1,147.74 ($1,509.19). Also, insider Graham Clemett sold 3,597 shares of Workspace Group stock in a transaction dated Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.76), for a total value of £21,222.30 ($27,905.72). 32.49% of the stock is currently owned by company 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.