RBC Capital Markets lifts Workspace price target
Workspace Group
499.00p
08:09 29/04/24
1.63%
8.00p
RBC Capital Markets upped its price target on shares of Workspace on Wednesday to 725p from 625p.
FTSE 250
19,862.65
08:35 29/04/24
n/a
n/a
FTSE 350
4,489.25
08:35 29/04/24
n/a
n/a
FTSE All-Share
4,442.33
08:35 29/04/24
n/a
n/a
Real Estate Investment Trusts
2,244.39
08:34 29/04/24
0.11%
2.47
The bank said: "Capturing end-March 2023 market rents implies significant upside to Workspace's earnings following further increases in its pricing over 2H2022/23."
In addition, RBC said it reckons the potential to capture current market rents is good given Workspace's lease structures/retention rates and further increases in pricing year to date.
RBC rates the shares at ‘outperform’.