PageGroup (LON:PAGE) Shares Cross Below 50 Day Moving Average – Time to Sell?

PageGroup plc (LON:PAGE)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 130.30 and traded as low as GBX 117.50. PageGroup shares last traded at GBX 118.90, with a volume of 453,451 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAGE. Citigroup reduced their target price on shares of PageGroup from GBX 440 to GBX 300 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 260 target price on shares of PageGroup in a research report on Wednesday, April 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 125 target price on shares of PageGroup in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PageGroup presently has an average rating of “Moderate Buy” and a consensus price target of GBX 228.33.

PageGroup Stock Performance

The company has a quick ratio of 1.77, a current ratio of 1.47 and a debt-to-equity ratio of 61.62. The stock has a market cap of £376.41 million, a price-to-earnings ratio of 41.69, a P/E/G ratio of 0.98 and a beta of 0.96. The company has a 50 day simple moving average of GBX 130.30 and a 200 day simple moving average of GBX 179.62.

PageGroup (LON:PAGE) last issued its earnings results on Thursday, March 5th. The company reported GBX 2.90 EPS for the quarter. PageGroup had a return on equity of 4.18% and a net margin of 0.56%. As a group, equities research analysts forecast that PageGroup plc will post 23.5923567 EPS for the current year.

Insider Activity at PageGroup

In other news, insider Kelvin Stagg sold 38,226 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of GBX 146, for a total value of £55,809.96. Also, insider Nick Kirk sold 55,575 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of GBX 146, for a total value of £81,139.50. Insiders sold 117,579 shares of company stock valued at $17,142,756 in the last ninety days. 1.10% of the stock is currently owned by insiders.

PageGroup Company Profile

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.