SThree (LON:STEM) Shares Up 1.8% - What's Next?

Key Points

• SThree shares rose 1.8% to GBX 316.50, although trading volume was 77% below the stock’s average daily volume.
• Analyst sentiment remains positive: Deutsche Bank raised its price target to GBX 360, while the consensus rating is “Buy” with a GBX 305 target.
• Insiders have been buying shares, including a 20,427-share purchase by director Timo Lehne at GBX 289; insiders collectively own 15% of the company.

SThree plc (LON:STEM - Get Free Report) rose 1.8% during trading on Wednesday. The stock traded as high as GBX 317.50 and last traded at GBX 316.50. Approximately 160,181 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 705,896 shares. The stock had previously closed at GBX 311.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of SThree from GBX 260 to GBX 360 and gave the company a "buy" rating in a research note on Wednesday, September 9th. Berenberg Bank reiterated a "buy" rating and set a GBX 250 price objective on shares of SThree in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 305.

SThree Stock Up 1.8%

The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 23.25. The stock has a 50-day simple moving average of GBX 295.50 and a 200-day simple moving average of GBX 217.73. The company has a market cap of £381.96 million, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78.

SThree (LON:STEM - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported GBX 2.10 earnings per share (EPS) for the quarter. SThree had a return on equity of 5.85% and a net margin of 1.04%. As a group, analysts predict that SThree plc will post 38.49 EPS for the current year.

Insiders Place Their Bets

In related news, insider Timo Lehne acquired 20,427 shares of SThree stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of GBX 289 per share, with a total value of £59,034.03. Insiders have bought a total of 20,466 shares of company stock valued at $5,915,234 over the last three months. Corporate insiders own 15.00% of the company's stock.

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 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles. We provide permanent and flexible contract talent to a diverse base of around 6,000 clients.

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