Michael Page International plc Lowered to “Hold” at Liberum Capital (MPI)
Michael Page International plc (LON:MPI) was downgraded by stock analysts at Liberum Capital to a “hold” rating in a report issued on Tuesday. They currently have a GBX 500 ($8.30) price objective on the stock, down from their previous price objective of GBX 575 ($9.54). Liberum Capital’s target price would indicate a potential upside of 10.84% from the company’s current price.
Shares of Michael Page International plc (LON:MPI) traded down 0.44% during mid-day trading on Tuesday, hitting GBX 452.50. The stock had a trading volume of 499,139 shares. Michael Page International plc has a 1-year low of GBX 417.20 and a 1-year high of GBX 511.50. The stock’s 50-day moving average is GBX 440.2 and its 200-day moving average is GBX 457.0. The company’s market cap is £1.401 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 3.42 ($0.06) per share. This represents a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, September 3rd.
MPI has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Michael Page International plc in a research note on Friday. They now have a GBX 600 ($9.96) price target on the stock. Separately, analysts at Kepler Capital Markets reiterated a “buy” rating on shares of Michael Page International plc in a research note on Thursday, August 28th. They now have a GBX 530 ($8.80) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Michael Page International plc in a research note on Tuesday, August 19th. They now have a GBX 510 ($8.46) price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 510.50 ($8.47).
Michael Page International plc is a United Kingdom-based specialist recruitment consultancy. The Company’s customers ranging from global multi-nationals to small and medium enterprises (LON:MPI), source permanent, contract, temporary and interim talent in disciplines, such as accounting, tax and treasury; actuarial; consultancy, strategy and change; design; education; engineering and manufacturing; financial services and banking; health and social care; hospitality and leisure; human resources; information technology and technology; legal; marketing; policy; procurement and supply chain; property and construction; retail; sales, and secretarial.
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