PageGroup (LON:PAGE) Share Price Passes Below 50-Day Moving Average – Should You Sell?

PageGroup plc (LON:PAGE)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 128.61 and traded as low as GBX 120.20. PageGroup shares last traded at GBX 122.07, with a volume of 654,439 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAGE. Jefferies Financial Group reissued a “hold” rating and set a GBX 125 price objective on shares of PageGroup in a research note on Thursday, May 21st. Citigroup dropped their price objective on PageGroup from GBX 440 to GBX 300 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 260 price objective on shares of PageGroup in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 228.33.

PageGroup Trading Up 3.1%

The stock has a market capitalization of £386.09 million, a P/E ratio of 42.76, a P/E/G ratio of 0.98 and a beta of 0.96. The firm’s 50 day moving average price is GBX 128.61 and its 200 day moving average price is GBX 174.99. The company has a debt-to-equity ratio of 61.62, a current ratio of 1.47 and a quick ratio of 1.77.

Insider Buying and Selling at PageGroup

In other news, insider Kelvin Stagg sold 23,778 shares of PageGroup stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 145, for a total transaction of £34,478.10. Insiders own 1.18% 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.