Credit Suisse Group AG Initiates Coverage on Staffline Group Plc (STAF)
Research analysts at Credit Suisse Group AG initiated coverage on shares of Staffline Group Plc (LON:STAF) in a note issued to investors on Thursday. The firm set an “underperform” rating and a GBX 800 ($10.44) price target on the stock. Credit Suisse Group AG’s price target would indicate a potential downside of 17.57% from the company’s previous close.
Other research analysts also recently issued reports about the company. Berenberg Bank upgraded Staffline Group Plc to a “buy” rating and upped their price target for the stock from GBX 900 ($11.75) to GBX 1,250 ($16.32) in a research note on Thursday, August 11th. Liberum Capital restated a “buy” rating and issued a GBX 1,100 ($14.36) price target on shares of Staffline Group Plc in a research note on Wednesday, August 3rd. Finally, FinnCap restated a “buy” rating and issued a GBX 1,615 ($21.08) price target on shares of Staffline Group Plc in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,243 ($16.23).
Staffline Group Plc (LON:STAF) opened at 968.40 on Thursday. The stock has a 50 day moving average of GBX 1,015.60 and a 200 day moving average of GBX 1,073.67. Staffline Group Plc has a one year low of GBX 725.00 and a one year high of GBX 1,640.00. The company’s market cap is GBX 245.57 million.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 10.50 ($0.14) per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a dividend yield of 1.18%.
In other news, insider Pullen,Chris acquired 12,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average cost of GBX 905 ($11.81) per share, with a total value of £108,600 ($141,756.95).
Staffline Group Plc Company Profile
Staffline Group plc is an outsourcing company. The Company is engaged in provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company’s operating segments include the provision of temporary staff to customers and the provision of welfare to work and other training services (Employability).
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