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

PageGroup plc (LON:PAGE) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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.

Analyst Ratings Changes

A number of research analysts have recently commented on PAGE shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 125 target price on shares of PageGroup in a research note on Thursday, May 21st. Citigroup lowered their target price 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 restated a “buy” rating and issued a GBX 260 target price on shares of PageGroup in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PageGroup currently has an average rating of “Moderate Buy” and an average price target of GBX 228.33.

PageGroup Stock Performance

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

Insider Buying and Selling at PageGroup

In related news, insider Kelvin Stagg sold 23,778 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of GBX 145, for a total value of £34,478.10. 1.18% of the stock is owned by insiders.

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.