Berenberg Bank Issues Pessimistic Forecast for SThree (LON:STEM) Stock Price

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 stock analysts at Berenberg Bank from GBX 390 to GBX 250 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 72.65% 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 280.

SThree Stock Performance

LON:STEM traded up GBX 6 during trading hours on Tuesday, reaching GBX 144.80. 846,401 shares of the stock were exchanged, compared to its average volume of 679,049. 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 50 day simple moving average of GBX 204.59 and a 200-day simple moving average of GBX 230.63. SThree has a 52 week low of GBX 132.20 and a 52 week high of GBX 409.50. The stock has a market capitalization of £183.92 million, a P/E ratio of 664.22, a P/E/G ratio of 0.75 and a beta of 0.98.

SThree (LON:STEM - Get Free Report) last released its 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, sell-side analysts forecast that SThree will post 38.490881 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Timo Lehne purchased 7,404 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were acquired at an average price of GBX 139 per share, with a total value of £10,291.56. Over the last 90 days, insiders purchased 39,638 shares of company stock valued at $7,030,107. Company insiders own 14.92% of the company's stock.

About SThree

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.