PageGroup (LON:PAGE) Hits New 52-Week Low - Here's Why

Key Points

• PageGroup plc reached a new 52-week low during trading, hitting GBX 230.80 ($3.13), down from a previous close of GBX 236.60 ($3.21).
• Despite the drop in stock price, Deutsche Bank maintains a "buy" rating for PageGroup, setting a price target of GBX 450, indicating potential growth.
• The company has a significant market capitalization of £722.54 million and a high PE ratio of 2,562.22, suggesting investor caution regarding profitability.

PageGroup plc (LON:PAGE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 230.80 ($3.12) and last traded at GBX 231.20 ($3.12), with a volume of 1261174 shares. The stock had previously closed at GBX 236.60 ($3.20).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 450 price objective on shares of PageGroup in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, PageGroup has an average rating of "Buy" and an average price target of GBX 450.

PageGroup Price Performance

The business has a 50-day simple moving average of GBX 261.46 and a 200 day simple moving average of GBX 276.57. The firm has a market cap of £720.03 million, a P/E ratio of 6,210.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.11. The company has a debt-to-equity ratio of 40.35, a quick ratio of 1.77 and a current ratio of 1.60.

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.