GEE Group Inc (AMEX:JOB) had its price target dropped by stock analysts at Maxim Group from $10.00 to $8.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Maxim Group’s target price would indicate a potential upside of 174.91% from the stock’s current price.
The analysts wrote, “Management’s preannouncement suggests 4QF17 revenue will be $45.5 – 46.5 million, which is more than twice 4QF16, as a result of acquisitions.””
Separately, Zacks Investment Research upgraded shares of GEE Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th.
GEE Group (AMEX:JOB) traded up 3.402% during mid-day trading on Tuesday, hitting $3.009. 8,769 shares of the stock were exchanged. The stock’s 50-day moving average is $3.49 and its 200 day moving average is $4.98. GEE Group has a 52 week low of $2.70 and a 52 week high of $7.00. The company’s market capitalization is $29.72 million.
A hedge fund recently raised its stake in GEE Group stock. Vanguard Group Inc. boosted its stake in shares of GEE Group Inc (AMEX:JOB) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,099 shares of the business services provider’s stock after buying an additional 2,049 shares during the quarter. Vanguard Group Inc. owned approximately 0.78% of GEE Group worth $399,000 as of its most recent SEC filing.
About GEE Group
GEE Group Inc, formerly General Employment Enterprises, Inc, is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis.
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