Credit Suisse Group Lowers Staffline Group Plc (STAF) to Underperform
Staffline Group Plc (LON:STAF) was downgraded by stock analysts at Credit Suisse Group to an “underperform” rating in a report issued on Wednesday. They presently have a GBX 1,000 ($12.98) price target on the stock, down from their previous price target of GBX 1,050 ($13.63). Credit Suisse Group’s price objective would suggest a potential downside of 18.70% from the stock’s previous close.
Several other analysts have also issued reports on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 1,250 ($16.23) price target on shares of Staffline Group Plc in a research report on Tuesday, April 25th. Liberum Capital raised their price target on shares of Staffline Group Plc from GBX 1,100 ($14.28) to GBX 1,350 ($17.53) and gave the stock a “buy” rating in a research report on Thursday, May 18th. Finally, FinnCap restated a “buy” rating and issued a GBX 1,615 ($20.97) price target on shares of Staffline Group Plc in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,253 ($16.27).
Shares of Staffline Group Plc (STAF) traded up 0.41% during mid-day trading on Wednesday, reaching GBX 1230.00. 11,590 shares of the company were exchanged. Staffline Group Plc has a 12 month low of GBX 770.50 and a 12 month high of GBX 1,451.72. The firm’s 50-day moving average is GBX 1,245.66 and its 200-day moving average is GBX 1,227.72. The company’s market capitalization is GBX 315.22 million.
Staffline Group Plc Company Profile
Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company has two segments: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services.
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