Staffline Group Plc (STAF) Coverage Initiated by Analysts at Credit Suisse Group AG
Credit Suisse Group AG initiated coverage on shares of Staffline Group Plc (LON:STAF) in a report published on Thursday. The firm issued an underperform rating and a GBX 800 ($10.44) target price on the stock.
A number of other analysts have also recently weighed in on STAF. FinnCap reiterated a buy rating and set a GBX 1,700 ($22.19) price target on shares of Staffline Group Plc in a research note on Wednesday, June 1st. Liberum Capital restated a hold rating and issued a GBX 1,500 ($19.58) target price on shares of Staffline Group Plc in a research note on Wednesday, June 1st. Finally, Berenberg Bank cut shares of Staffline Group Plc to a hold rating and reduced their target price for the stock from GBX 1,700 ($22.19) to GBX 900 ($11.75) in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 1,243 ($16.23).
Staffline Group Plc (LON:STAF) opened at 941.00 on Thursday. The company’s 50-day moving average is GBX 1,015.05 and its 200-day moving average is GBX 1,072.47. The firm’s market capitalization is GBX 238.62 million. Staffline Group Plc has a 52-week low of GBX 725.00 and a 52-week high of GBX 1,640.00.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Investors of record on Thursday, October 13th will be paid a GBX 10.50 ($0.14) dividend. This represents a dividend yield of 1.18%. The ex-dividend date is Thursday, October 13th.
In related news, insider Pullen,Chris acquired 12,000 shares of Staffline Group Plc stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average price of GBX 905 ($11.81) per share, for a total transaction of £108,600 ($141,756.95).
About Staffline Group Plc
Staffline Group plc is an outsourcing company. The Company is engaged in provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company’s operating segments include the provision of temporary staff to customers and the provision of welfare to work and other training services (Employability).
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