PageGroup (LON:PAGE) Trading Down 5.6% – Here’s What Happened

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

Analyst Ratings Changes

A number of brokerages have commented on PAGE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 260 price objective on shares of PageGroup in a report on Wednesday, April 15th. Citigroup cut their target price on shares of PageGroup from GBX 440 to GBX 300 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 145 target price on shares of PageGroup in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, PageGroup currently has an average rating of “Moderate Buy” and an average target price of GBX 235.

PageGroup Trading Down 2.2%

The firm has a market cap of £359.61 million, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 0.98 and a beta of 0.96. The business’s 50 day moving average price is GBX 136.93 and its 200-day moving average price is GBX 190.83. 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 issued its earnings results on Thursday, March 5th. The company reported GBX 2.90 earnings per share (EPS) for the quarter. PageGroup had a net margin of 0.56% and a return on equity of 4.18%. Equities analysts expect that PageGroup plc will post 23.5923567 EPS for the current year.

Insider Buying and Selling

In other PageGroup news, insider Ben Stevens acquired 71,583 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of GBX 140 per share, for a total transaction of £100,216.20. Also, insider Kelvin Stagg sold 23,778 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of GBX 145, for a total transaction of £34,478.10. Insiders have sold a total of 117,579 shares of company stock worth $17,142,756 over the last quarter. 1.10% of the stock is owned by company insiders.

PageGroup Company Profile

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.