Pagegroup (PAGE) Downgraded by Deutsche Bank to “Sell”
Pagegroup (LON:PAGE) was downgraded by equities researchers at Deutsche Bank to a “sell” rating in a report released on Wednesday. They currently have a GBX 380 ($5.11) target price on the stock, down from their prior target price of GBX 430 ($5.79). Deutsche Bank’s target price would suggest a potential downside of 15.04% from the stock’s current price.
Other analysts have also issued research reports about the stock. Liberum Capital lowered shares of Pagegroup to a “hold” rating and raised their target price for the stock from GBX 455 ($6.12) to GBX 505 ($6.80) in a research report on Monday, August 14th. Numis Securities reiterated an “add” rating and issued a GBX 540 ($7.27) price target on shares of Pagegroup in a report on Friday, August 11th. Citigroup reiterated a “buy” rating and issued a GBX 600 ($8.08) price target on shares of Pagegroup in a report on Friday, August 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Pagegroup from GBX 430 ($5.79) to GBX 490 ($6.59) and gave the company a “sector performer” rating in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Pagegroup has an average rating of “Hold” and an average target price of GBX 481.15 ($6.48).
Shares of Pagegroup (LON:PAGE) traded up GBX 5.68 ($0.08) during midday trading on Wednesday, reaching GBX 447.28 ($6.02). 761,846 shares of the company were exchanged, compared to its average volume of 841,119. Pagegroup has a 1 year low of GBX 374.60 ($5.04) and a 1 year high of GBX 527 ($7.09).
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PageGroup plc, formerly Michael Page International plc, is engaged in the recruitment consultancy and other ancillary services. The Company’s segments include EMEA, United Kingdom, Asia Pacific and Americas. The Company is organized into approximately three brands operating at various levels of the market: Michael Page, Page Personnel and Page Executive.
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