RBC Capital Markets lifts Workspace price target
Workspace Group
554.00p
15:44 22/11/24
2.78%
15.00p
RBC Capital Markets upped its price target on shares of Workspace on Wednesday to 725p from 625p.
FTSE 250
20,584.46
15:45 22/11/24
n/a
n/a
FTSE 350
4,551.10
15:45 22/11/24
n/a
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FTSE All-Share
4,506.61
15:45 22/11/24
n/a
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Real Estate Investment Trusts
2,136.31
15:44 22/11/24
2.10%
43.85
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’.