Adecco Group (OTCMKTS:AHEXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $43.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.15% from the company’s current price.
According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “
Shares of Adecco Group (AHEXY) traded down $0.11 during trading hours on Tuesday, hitting $38.34. 11,479 shares of the company’s stock were exchanged, compared to its average volume of 13,399. The firm has a market cap of $12,929.13, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.03 and a beta of 1.02. Adecco Group has a 52 week low of $34.25 and a 52 week high of $42.19. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.39.
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Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial sectors under the Adecco brand.
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