Broker snap: Workspace Group downgraded to 'hold'

3rd Jun 2011 12:34

Panmure Gordon has downgraded its recommendation on business space provider Workspace Group from 'buy' to 'hold', following a strong share price performance of the first half of 2011.Nevertheless, the broker expects Workspace to report a "continued momentum in terms of occupancy improvement, as well as recent successes in planning when it reports its full-year results on Monday 6 June."While it keeps hold of its forecasts, the broker thinks that the shares are "up with events for now", as the price has risen by around a quarter since the start of January.The target price of 30p is retained.---BC