David Benson Sells 19,129 Shares of Workspace Group Plc (LON:WKP) Stock

Workspace Group Plc (LON:WKP) insider David Benson sold 19,129 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,455.97).

Workspace Group Stock Up 1.4 %

Workspace Group stock opened at GBX 586 ($7.43) on Friday. The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of -505.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The firm’s fifty day moving average price is GBX 545.32 and its two-hundred day moving average price is GBX 526.95. 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 company has a current ratio of 1.30, a quick ratio of 0.11 and a debt-to-equity ratio of 56.11.

Workspace Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WKP shares. Barclays upped their price target 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 price objective on Workspace Group from GBX 650 ($8.25) to GBX 700 ($8.88) and gave the company an “overweight” rating in a report on Thursday, June 6th.

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.