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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 125 price objective on shares of PageGroup in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 260 price objective on shares of PageGroup in a research note on Wednesday, April 15th. Finally, Citigroup decreased 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, PageGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 228.33.

PageGroup Trading Up 1.7%

The business has a fifty day moving average of GBX 130.30 and a 200-day moving average of GBX 179.62. The company has a debt-to-equity ratio of 61.62, a quick ratio of 1.77 and a current ratio of 1.47. The company has a market capitalization of £376.41 million, a P/E ratio of 41.69, a PEG ratio of 0.98 and a beta of 0.96.

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

Insiders Place Their Bets

In related news, insider Kelvin Stagg sold 38,226 shares of the stock in a transaction 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 stock in a transaction on Thursday, March 12th. The stock was sold at an average price of GBX 146, for a total value of £81,139.50. Over the last quarter, insiders sold 117,579 shares of company stock worth $17,142,756. 1.10% of the stock is owned by company 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.