Berenberg Bank Lowers SThree (LON:STEM) Price Target to GBX 250

Key Points

• Berenberg Bank has lowered its price target for SThree (LON:STEM) from GBX 390 to GBX 250, suggesting a potential upside of 67.77% from the current price.
• Despite the price cut, Deutsche Bank has reaffirmed a "buy" rating on SThree, setting a target price of GBX 360.
• SThree shares have decreased by 19.9%, trading at GBX 149.02, while the company’s 12-month trading range is between GBX 132.20 and GBX 409.50.

SThree (LON:STEM - Get Free Report) had its price objective cut by Berenberg Bank from GBX 390 to GBX 250 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 67.77% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 360 target price on shares of SThree in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 303.33.

SThree Stock Down 19.9%

Shares of LON STEM traded down GBX 36.99 on Tuesday, hitting GBX 149.02. The company had a trading volume of 10,858,575 shares, compared to its average volume of 674,002. SThree has a 12-month low of GBX 132.20 and a 12-month high of GBX 409.50. The business has a 50 day moving average of GBX 213.04 and a two-hundred day moving average of GBX 233.27. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 16.03. The firm has a market capitalization of £189.27 million, a P/E ratio of 683.56, a PEG ratio of 0.75 and a beta of 0.98.

SThree (LON:STEM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 5.60 EPS for the quarter. SThree had a return on equity of 20.90% and a net margin of 3.33%. As a group, equities research analysts forecast that SThree will post 38.490881 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Timo Lehne bought 32,072 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of GBX 186 per share, for a total transaction of £59,653.92. Over the last 90 days, insiders acquired 32,234 shares of company stock worth $6,000,951. 14.92% of the stock is owned by insiders.

SThree Company Profile

SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With more than 38 years of experience in pure-play STEM and a global team of 2,700+ people each with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

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