Peel Hunt downgrades UK's Workspace rating to 'hold'

Workspace

14/05/2026 09:00

** Peel Hunt downgrades stock rating for flexible office-space provider Workspace WKP.L to "hold" from "buy"; slashes PT to 350p from 500p

** Brokerage says the company has indicated a further substantial step-down in trading profit for FY27 due to lower rent roll, further disposals, and higher financing and admin expenses

** Shares of the company marginally up to 329pp

** "Workspace's efforts appear to be working with occupancy stabilising, but the turnaround will likely take time, and we now expect three consecutive years of significant EPS declines"- Peel Hunt

** Ten analysts rate the stock "buy" on average; median PT 401p - data compiled by LSEG

** Up to last day's close, the stock had fallen 17% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))