PageGroup (LON:PAGE) Shares Down 16.1% – Time to Sell?

Shares of PageGroup plc (LON:PAGE) traded down 16.1% during mid-day trading on Thursday . The company traded as low as GBX 147 and last traded at GBX 149.95. 676,970 shares were traded during mid-day trading, a decline of 65% from the average session volume of 1,927,074 shares. The stock had previously closed at GBX 178.70.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of PageGroup from GBX 450 to GBX 400 and set a “buy” rating for the company in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 327.50.

PageGroup Stock Performance

The stock has a market cap of £462.82 million, a price-to-earnings ratio of 39.92, a P/E/G ratio of 0.98 and a beta of 0.93. The company has a quick ratio of 1.77, a current ratio of 1.43 and a debt-to-equity ratio of 76.46. The company has a 50 day simple moving average of GBX 207.55 and a 200 day simple moving average of GBX 225.55.

PageGroup Company Profile

PageGroup Changes Lives…

That’s our PageGroup Purpose, delivered by c.7,300 people in 36 countries, with a gross profit of over £842.6m in 2024. Our four core  PageGroup brands are supported by specialised recruitment teams operating across 25 disciplines.

As a FTSE 250 company, a lot has changed since we were set up in 1976 and the Group continues to grow and evolve. What hasn’t changed is our commitment to the success of our clients and candidates, and our own people.

PageGroup’s strategy is geared for the long-term.