Brokers upbeat on Workspace despite economic uncertainty

The Workspace (LON:WKP) share price has risen by 2.23% over the past month and it’s currently trading at 688.5p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Workspace currently has:

• 2 Buy recommendations

• 6 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond broker forecasts

At its current price of 688.5p, shares in Workspace are trading at a discount of -29.7% to its 52 week high price. The 1-year performance of the shares has been -21.3%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Workspace it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Workspace that you can find out about here.