PageGroup (LON:PAGE) Share Price Crosses Below 50-Day Moving Average – What’s Next?

PageGroup plc (LON:PAGE) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 128.61 and traded as low as GBX 120.20. PageGroup shares last traded at GBX 122.07, with a volume of 654,439 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup dropped their price objective on PageGroup from GBX 440 to GBX 300 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 260 price target on shares of PageGroup in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 125 price target on shares of PageGroup in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, PageGroup presently has an average rating of “Moderate Buy” and a consensus target price of GBX 228.33.

PageGroup Stock Performance

The company has a debt-to-equity ratio of 61.62, a current ratio of 1.47 and a quick ratio of 1.77. The firm has a fifty day moving average price of GBX 128.36 and a two-hundred day moving average price of GBX 174.64. The stock has a market capitalization of £386.66 million, a PE ratio of 42.82, a P/E/G ratio of 0.98 and a beta of 0.93.

Insider Activity

In other news, insider Kelvin Stagg sold 23,778 shares of PageGroup stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 145, for a total value of £34,478.10. Corporate insiders own 1.18% of the company’s stock.

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.