SThree Plc (STHR) Stock Rating Upgraded by HSBC
SThree Plc (LON:STHR) was upgraded by analysts at HSBC to a “buy” rating in a report issued on Monday. The brokerage presently has a GBX 320 ($4.00) target price on the stock, up from their previous target price of GBX 270 ($3.37). HSBC’s price objective points to a potential upside of 17.00% from the stock’s current price.
STHR has been the subject of a number of other research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 340 ($4.25) price objective on shares of SThree Plc in a research report on Friday, September 9th. Credit Suisse Group AG raised SThree Plc to an “outperform” rating and lifted their price objective for the company from GBX 240 ($3.00) to GBX 285 ($3.56) in a research report on Thursday, October 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 352.14 ($4.40).
Shares of SThree Plc (LON:STHR) opened at 273.50 on Monday. The stock’s 50 day moving average price is GBX 245.97 and its 200 day moving average price is GBX 268.14. The firm’s market cap is GBX 351.45 million. SThree Plc has a 12 month low of GBX 221.00 and a 12 month high of GBX 355.00.
In other news, insider Hughes,Justin sold 40,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of GBX 255 ($3.19), for a total value of £102,000 ($127,436.28).
About SThree Plc
SThree plc is a United Kingdom-based company engaged in specialist staffing business. The Company is engaged in providing permanent and contract specialist services. Its segments include United Kingdom & Ireland, Continental Europe, Americas, and Asia Pacific & Middle East. It provides services to Information and communication technology (ICT), banking and finance, energy, engineering and life sciences, other sectors.
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