Pagegroup (LON:PAGE) Stock Price Passes Below 50 Day Moving Average of $518.40

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Pagegroup PLC (LON:PAGE) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $518.40 and traded as low as $516.50. Pagegroup shares last traded at $520.00, with a volume of 834,149 shares.

Several brokerages have issued reports on PAGE. Credit Suisse Group reaffirmed an “outperform” rating on shares of Pagegroup in a research note on Monday, April 29th. Barclays reaffirmed an “equal weight” rating and set a GBX 590 ($7.71) target price on shares of Pagegroup in a research note on Monday, April 15th. UBS Group reaffirmed a “neutral” rating and set a GBX 495 ($6.47) target price on shares of Pagegroup in a research note on Wednesday, April 10th. Liberum Capital reaffirmed a “buy” rating on shares of Pagegroup in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group lowered their target price on shares of Pagegroup from GBX 610 ($7.97) to GBX 590 ($7.71) and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 592.27 ($7.74).

The stock has a market cap of $1.65 billion and a price-to-earnings ratio of 16.05.

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About Pagegroup (LON:PAGE)

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and support services in Latin America and Asia. It offers recruitment services for executive, professional, clerical, and general staffing on a permanent, temporary, contract, and interim basis. The company provides its services under the Page Executive, Michael Page, Page Personnel, Page Outsourcing, Page Assessment, Page Consulting, and Page Talent brands.

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