RBC Capital Markets lifts Workspace price target

RBC Capital Markets upped its price target on shares of Workspace on Wednesday to 725p from 625p.

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’.