PageGroup (LON:PAGE) Trading Down 5.6% – Should You Sell?

Shares of PageGroup plc (LON:PAGE) were down 5.6% during trading on Thursday . The stock traded as low as GBX 122.30 and last traded at GBX 124.70. Approximately 2,175,860 shares were traded during trading, a decline of 75% from the average daily volume of 8,584,326 shares. The stock had previously closed at GBX 132.10.

Analysts Set New Price Targets

PAGE has been the topic of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 145 price target on shares of PageGroup in a report on Tuesday, April 14th. Citigroup reduced their target price on PageGroup from GBX 440 to GBX 300 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 260 target price on shares of PageGroup in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 235.

PageGroup Stock Performance

The firm has a market cap of £367.40 million, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 0.98 and a beta of 0.96. The stock has a 50-day moving average of GBX 139.31 and a 200-day moving average of GBX 192.28. 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 posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 2.90 earnings per share for the quarter. PageGroup had a return on equity of 4.18% and a net margin of 0.56%. As a group, analysts anticipate that PageGroup plc will post 23.5923567 EPS for the current fiscal year.

Insiders Place Their Bets

In other PageGroup news, insider Kelvin Stagg sold 38,226 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of GBX 146, for a total transaction of £55,809.96. Also, insider Ben Stevens purchased 71,583 shares of the stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of GBX 140 per share, for a total transaction of £100,216.20. Insiders have sold 117,579 shares of company stock valued at $17,142,756 in the last 90 days. 1.10% of the stock is currently owned by insiders.

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.