PageGroup (LON:PAGE) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

PageGroup plc (LON:PAGE)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 130.30 and traded as low as GBX 117.50. PageGroup shares last traded at GBX 118.90, with a volume of 453,451 shares trading hands.

Analyst Ratings Changes

PAGE has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 125 target price on shares of PageGroup in a research report on Thursday, May 21st. Citigroup dropped their target price on PageGroup from GBX 440 to GBX 300 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 260 target price on shares of PageGroup in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 228.33.

PageGroup Stock Up 0.4%

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 company has a market capitalization of £382.35 million, a P/E ratio of 42.34, a P/E/G ratio of 0.98 and a beta of 0.96. The stock has a 50-day moving average price of GBX 129.82 and a 200-day moving average price of GBX 178.43.

PageGroup (LON:PAGE) last issued its quarterly earnings data 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, research analysts predict that PageGroup plc will post 23.5923567 EPS for the current fiscal year.

Insider Transactions at PageGroup

In other news, insider Kelvin Stagg sold 38,226 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 £55,809.96. Also, insider Nick Kirk sold 55,575 shares of PageGroup stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of GBX 146, for a total value of £81,139.50. Insiders have sold 117,579 shares of company stock valued at $17,142,756 over the last 90 days. 1.10% of the stock is owned by corporate 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.