Citigroup Has Lowered Expectations for PageGroup (LON:PAGE) Stock Price

PageGroup (LON:PAGE) had its price objective dropped by research analysts at Citigroup from GBX 440 to GBX 300 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 118.41% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 145 price objective on shares of PageGroup in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 260 price objective on shares of PageGroup in a report on Wednesday. Two equities 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, PageGroup has a consensus rating of “Moderate Buy” and a consensus price target of GBX 235.

PageGroup Stock Up 1.0%

LON PAGE opened at GBX 137.35 on Wednesday. The stock’s 50 day moving average is GBX 161.04 and its 200 day moving average is GBX 204.96. 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 has a 12 month low of GBX 124.10 and a 12 month high of GBX 295.20. The stock has a market cap of £430.37 million, a PE ratio of 47.36, a P/E/G ratio of 0.98 and a beta of 1.03.

PageGroup (LON:PAGE) last posted its quarterly earnings results on Thursday, March 5th. The company reported GBX 2.90 EPS for the quarter. PageGroup had a return on equity of 4.18% and a net margin of 0.56%. Research analysts predict that PageGroup will post 23.5923567 EPS for the current fiscal year.

Insider Transactions at PageGroup

In other news, insider Kelvin Stagg sold 23,778 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of GBX 145, for a total transaction of £34,478.10. Also, insider Ben Stevens acquired 71,583 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of GBX 140 per share, for a total transaction of £100,216.20. Insiders have sold 117,579 shares of company stock valued at $17,142,756 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.