Workspace Group (LON:WKP) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Workspace Group Plc (LON:WKP - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 401.52 and traded as high as GBX 403. Workspace Group shares last traded at GBX 396, with a volume of 162,426 shares traded.Get Workspace Group alerts:Analyst Upgrades and DowngradesSeveral equities research analysts recently weighed in on WKP shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Workspace Group from GBX 520 to GBX 480 and set a "buy" rating for the company in a report on Friday, December 5th. Jefferies Financial Group reduced their price target on shares of Workspace Group from GBX 516 to GBX 490 and set a "buy" rating for the company in a research note on Thursday, November 20th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 487 target price on shares of Workspace Group in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 489.25.Get Our Latest Analysis on Workspace GroupWorkspace Group Price PerformanceThe firm has a 50-day moving average of GBX 414.07 and a two-hundred day moving average of GBX 401.52. The stock has a market capitalization of £761.46 million, a price-to-earnings ratio of -10.03, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The company has a quick ratio of 0.11, a current ratio of 1.47 and a debt-to-equity ratio of 61.92. Insiders Place Their BetsIn related news, insider Rosie Shapland bought 9,000 shares of the business's stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of GBX 383 per share, for a total transaction of £34,470. Corporate insiders own 5.30% of the company's stock. About Workspace Group (Get Free Report)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. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.Read MoreFive stocks we like better than Workspace GroupWhat a Former CIA Agent Knows About the Coming CollapseI tried out Elon Musk’s new AI tech — it floored me“I just bought 10,000 shares of a $5 stock…”The Next Commodity Crunch (bigger than oil?)Nvidia CEO Issues Bold Tesla CallThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Workspace Group Right Now?Before you consider Workspace Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workspace Group wasn't on the list.While Workspace Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here