PageGroup (LON:PAGE) Hits New 52-Week Low After Insider Selling

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

Specifically, 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. Also, insider Kelvin Stagg sold 38,226 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total value of £55,809.96. In other PageGroup news, insider Nick Kirk sold 55,575 shares of the business’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 £81,139.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of PageGroup from GBX 450 to GBX 400 and set a “buy” rating on the stock in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, PageGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 327.50.

PageGroup Stock Down 1.6%

The company has a quick ratio of 1.77, a current ratio of 1.47 and a debt-to-equity ratio of 61.62. The stock 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 firm has a fifty day moving average of GBX 190.25 and a 200 day moving average of GBX 218.14.

PageGroup (LON:PAGE) last announced 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, equities research analysts anticipate that PageGroup plc will post 23.5923567 EPS for the current fiscal 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.