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Home / Momentum / Workspace (WKP.L) 09-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Workspace (WKP.L) 09-12-19

Workspace (WKP.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 1157p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -0% from 12-month highs; +46% from 12 month lows.

Latest News

02 Dec:  JP Morgan Cazenove reiterates its overweight rating on Workspace Group Plc (WKP) and increased the target price to 1160p (from 1025p).

27 Nov:  Workspace, the office space provider, announced it had reached an agreement to sell Quality Court in London for £15.8m.

19 Nov:  RBC Capital Markets reiterates its sector performer rating on Workspace Group Plc (WKP) and increased the target price to 1200p (from 1050p).

15 Nov:  Berenberg has downgraded its rating on Workspace Group Plc (WKP) to sell (from hold) and increased the target price to 950p  (from 925p).

13 Nov:  Workspace posted a 3% decline in H1 profit, after making no money from asset disposals.  Income from rentals provided a boost, however, and the dividend was raised by 10%.

04 Nov:  Barclays Capital reiterates its overweight rating on Workspace Group Plc (WKP) and increased the target price to 1000p (from 980p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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