PageGroup (LON:PAGE) Reaches New 52-Week Low – Here’s What Happened

PageGroup plc (LON:PAGE)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 111.90 and last traded at GBX 113.78, with a volume of 79740234 shares traded. The stock had previously closed at GBX 116.40.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAGE. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 125 price target on shares of PageGroup in a research note on Thursday. Citigroup reduced their price target on shares of PageGroup from GBX 440 to GBX 300 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 260 price target on shares of PageGroup in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 228.33.

PageGroup Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.77 and a debt-to-equity ratio of 61.62. The business’s fifty day moving average is GBX 134.01 and its 200 day moving average is GBX 187. The firm has a market capitalization of £366.76 million, a P/E ratio of 40.62, a P/E/G ratio of 0.98 and a beta of 0.96.

PageGroup (LON:PAGE) last released its earnings results on Thursday, March 5th. The company reported GBX 2.90 EPS for the quarter. PageGroup had a net margin of 0.56% and a return on equity of 4.18%. As a group, analysts forecast that PageGroup plc will post 23.5923567 EPS for the current year.

Insider Buying and Selling

In related news, insider Nick Kirk sold 55,575 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total value of £81,139.50. Also, insider Ben Stevens bought 71,583 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of GBX 140 per share, for a total transaction of £100,216.20. Insiders have sold 117,579 shares of company stock worth $17,142,756 in the last ninety days. 1.10% of the stock is currently owned by corporate 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.