PageGroup (LON:PAGE) Hits New 12-Month Low – What’s Next?

Shares of PageGroup plc (LON:PAGE) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 111.90 and last traded at GBX 113.78, with a volume of 79740234 shares changing hands. The stock had previously closed at GBX 116.40.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 260 target price on shares of PageGroup in a report on Wednesday, April 15th. Citigroup lowered their target price on shares of PageGroup from GBX 440 to GBX 300 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 145 target price on shares of PageGroup in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, PageGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 235.

PageGroup Price Performance

The business’s 50-day moving average price is GBX 135.41 and its 200 day moving average price is GBX 188.70. The stock has a market capitalization of £354.28 million, a PE ratio of 39.24, a price-to-earnings-growth ratio of 0.98 and a beta of 0.96. The company has a debt-to-equity ratio of 61.62, a quick ratio of 1.77 and a current ratio of 1.47.

PageGroup (LON:PAGE) last released its quarterly earnings results on Thursday, March 5th. The company reported GBX 2.90 EPS for the quarter. PageGroup had a net margin of 0.56% and a return on equity of 4.18%. Research analysts forecast that PageGroup plc will post 23.5923567 earnings per share for the current year.

Insider Activity

In other news, insider Kelvin Stagg sold 38,226 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total transaction of £55,809.96. Also, insider Nick Kirk sold 55,575 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total transaction of £81,139.50. Insiders sold 117,579 shares of company stock worth $17,142,756 in the last three months. Corporate insiders own 1.10% of the company’s stock.

About PageGroup

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.