PageGroup (LON:PAGE) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Price fell below its 50-day moving average: PageGroup shares traded as low as GBX 136.80 and last at GBX 138.33 (volume 784,617), versus a 50-day MA of GBX 176.83 and a 200-day MA of GBX 212.16.
• Analyst action is mixed with a recent downgrade: Jefferies cut its price target from GBX 215 to GBX 145 and set a "hold," while overall analyst coverage is split (one Buy, one Hold) and MarketBeat shows an average rating of "Moderate Buy" with an average target of GBX 272.50.
• Insider activity shows net selling despite a buy: Ben Stevens purchased 71,583 shares at GBX 140, but insiders sold a total of 117,579 shares last quarter and now own 1.10% of the company.

PageGroup plc (LON:PAGE - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 176.83 and traded as low as GBX 136.80. PageGroup shares last traded at GBX 138.33, with a volume of 784,617 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price objective on PageGroup from GBX 215 to GBX 145 and set a "hold" rating for the company in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, PageGroup has an average rating of "Moderate Buy" and an average price target of GBX 272.50.

PageGroup Price Performance

The stock has a market cap of £431.14 million, a price-to-earnings ratio of 37.19, a PEG ratio of 0.98 and a beta of 0.89. The company's 50 day moving average is GBX 176.83 and its 200 day moving average is GBX 212.16. The company has a debt-to-equity ratio of 61.62, a current ratio of 1.47 and a quick ratio of 1.77.

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

Insider Buying and Selling

In other news, insider Ben Stevens acquired 71,583 shares of PageGroup stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of GBX 140 per share, with a total value of £100,216.20. Also, insider Nick Kirk sold 55,575 shares of PageGroup 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. Insiders have sold a total of 117,579 shares of company stock worth $17,142,756 in the last quarter. Company insiders own 1.10% of the company's stock.

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.

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