PageGroup (LON:PAGE) Trading Down 5.6% – Time to Sell?

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

Wall Street Analyst Weigh In

PAGE has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 145 target price on shares of PageGroup in a research note on Tuesday, April 14th. Citigroup reduced their target price on 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 reiterated a “buy” rating and set a GBX 260 target price 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 assigned a Hold rating to the company. According to MarketBeat.com, PageGroup currently has an average rating of “Moderate Buy” and an average price target of GBX 235.

PageGroup Price Performance

The company has a 50 day moving average of GBX 139.31 and a 200-day moving average of GBX 192.28. The firm has a market capitalization of £367.40 million, a P/E ratio of 40.69, a P/E/G ratio of 0.98 and a beta of 0.96. 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 released its quarterly earnings results on Thursday, March 5th. The company reported GBX 2.90 earnings per share (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 predict that PageGroup plc will post 23.5923567 EPS for the current year.

Insider Activity at PageGroup

In related news, insider Kelvin Stagg sold 23,778 shares of the business’s 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. Also, insider Ben Stevens purchased 71,583 shares of PageGroup stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of GBX 140 per share, with a total value of £100,216.20. Insiders sold 117,579 shares of company stock worth $17,142,756 in the last ninety days. 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.