Workspace Group plc 32.8% potential upside indicated by RBC Capital Markets

Workspace Group plc with ticker (LON:WKP) now has a potential upside of 32.8% according to RBC Capital Markets.



RBC Capital Markets set a target price of 1,000 GBX for the company, which when compared to the Workspace Group plc share price of 672 GBX at opening today (18/05/2022) indicates a potential upside of 32.8%. Trading has ranged between 593 (52 week low) and 979 (52 week high) with an average of 535,400 shares exchanging hands daily. The market capitalisation at the time of writing is £1,225,311,978.

Workspace Group PLC is a real estate investment trust (REIT) that provides flexible work space for various businesses. The Company owns and manages approximately four million square feet of business space across 60 sites in London. Its locations include Central London, North London, East London, South East London, South West London, West London and City of London. It offers various types of spaces, including offices, studios, light industrial, workshops, event space, space calculator, and short-term office space. Its property portfolio consists of Archer Street Studios, Barley Mow Centre, Canalot Studios, E1 Studios, Cannon Wharf, Cargo Works, Clerkenwell Workshops, Mare Street Studios, Morie Street Studios, Parkhall Business Centre, Peer House, Parma House, Westbourne Studios, 60 Gray’s Inn Road, Leroy House, and The Shaftesbury Centre. Its subsidiaries include Workspace 12 Limited, Workspace 13 Limited, and Workspace Management Limited, which is engaged in property investment.