Pagegroup (PAGE) Sets New 52-Week High on Analyst Upgrade

Pagegroup PLC (LON:PAGE) shares reached a new 52-week high on Thursday after Kepler Capital Markets raised their price target on the stock from GBX 550 to GBX 560. Kepler Capital Markets currently has a buy rating on the stock. Pagegroup traded as high as GBX 540 ($7.32) and last traded at GBX 535.50 ($7.26), with a volume of 2153067 shares changing hands. The stock had previously closed at GBX 535.50 ($7.26).

A number of other research firms have also weighed in on PAGE. Deutsche Bank reiterated a “sell” rating and issued a GBX 380 ($5.15) price objective on shares of Pagegroup in a research note on Thursday. Numis Securities boosted their price target on shares of Pagegroup from GBX 540 ($7.32) to GBX 600 ($8.14) and gave the company an “add” rating in a research report on Thursday. Investec boosted their price target on shares of Pagegroup from GBX 450 ($6.10) to GBX 480 ($6.51) and gave the company a “hold” rating in a research report on Thursday. Liberum Capital restated a “hold” rating and set a GBX 505 ($6.85) price target on shares of Pagegroup in a research report on Wednesday. Finally, Morgan Stanley lowered shares of Pagegroup to an “underweight” rating in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 481.07 ($6.52).

The firm has a market capitalization of $1,750.00 and a price-to-earnings ratio of 2,176.00.

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About Pagegroup

PageGroup plc, formerly Michael Page International plc, is engaged in the recruitment consultancy and other ancillary services. The Company’s segments include EMEA, United Kingdom, Asia Pacific and Americas. The Company is organized into approximately three brands operating at various levels of the market: Michael Page, Page Personnel and Page Executive.

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