RBC Capital Markets lifts Workspace price target
Workspace Group
492.50p
16:35 23/12/24
-1.01%
-5.00p
RBC Capital Markets upped its price target on shares of Workspace on Wednesday to 725p from 625p.
FTSE 250
20,419.09
17:09 23/12/24
n/a
n/a
FTSE 350
4,471.06
17:09 23/12/24
n/a
n/a
FTSE All-Share
4,428.73
16:44 23/12/24
n/a
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Real Estate Investment Trusts
1,988.08
17:09 23/12/24
0.08%
1.55
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’.