PageGroup (LON:PAGE) Reaches New 52-Week Low Following Insider Selling

Shares of PageGroup plc (LON:PAGE) hit a new 52-week low during mid-day trading on Wednesday following insider selling activity. The company traded as low as GBX 137.10 and last traded at GBX 139.80, with a volume of 830667 shares traded. The stock had previously closed at GBX 142.10.

Specifically, insider Kelvin Stagg sold 23,778 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of GBX 145, for a total value of £34,478.10. Also, insider Kelvin Stagg sold 38,226 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total transaction of £55,809.96. In related news, insider Nick Kirk sold 55,575 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of GBX 146, for a total transaction of £81,139.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on PageGroup from GBX 450 to GBX 400 and set a “buy” rating for the company in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 327.50.

PageGroup Price Performance

The firm has a market cap of £438.04 million, a PE ratio of 37.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The company has a 50 day moving average price of GBX 192.25 and a 200 day moving average price of GBX 218.70. The company has a current ratio of 1.47, a quick ratio of 1.77 and a debt-to-equity ratio of 61.62.

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

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.