Workspace Group (LON:WKP) Shares Pass Below 200 Day Moving Average - Time to Sell?

Workspace Group Plc (LON:WKP - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 392.64 and traded as low as GBX 341.60. Workspace Group shares last traded at GBX 344.33, with a volume of 548,081 shares trading hands.Get Workspace Group alerts:Analysts Set New Price TargetsA number of research firms have recently issued reports on WKP. Berenberg Bank reiterated a "buy" rating and set a GBX 503 price objective on shares of Workspace Group in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Workspace Group from GBX 480 to GBX 400 and set a "hold" rating on the stock in a research note on Monday, April 20th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 493 price objective on shares of Workspace Group in a research note on Friday, April 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Workspace Group from GBX 550 to GBX 500 and set a "buy" rating on the stock in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 479.20.View Our Latest Research Report on Workspace GroupWorkspace Group Price PerformanceThe stock's 50-day moving average is GBX 376.10 and its 200 day moving average is GBX 392.64. The company has a debt-to-equity ratio of 61.92, a current ratio of 1.47 and a quick ratio of 0.11. The company has a market cap of £662.10 million, a PE ratio of -8.72, a PEG ratio of 1.54 and a beta of 1.15. 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.Featured ArticlesFive stocks we like better than Workspace GroupThis 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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here