SThree (LON:STEM) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• SThree shares crossed above their 50-day moving average, reaching GBX 312.50 versus the GBX 298.76 average, with trading volume of about 2.32 million shares.
• Analysts maintain a positive outlook: SThree has an average “Buy” rating, while Deutsche Bank raised its price target to GBX 360. The consensus target is GBX 305.
• Insiders have been buying shares, including a 20,427-share purchase by Timo Lehne, and insiders collectively own 15% of the company.

SThree plc (LON:STEM - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 298.76 and traded as high as GBX 312.50. SThree shares last traded at GBX 312.50, with a volume of 2,320,624 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 250 price objective on shares of SThree in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised their target price on SThree from GBX 260 to GBX 360 and gave the stock a "buy" rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, SThree presently has an average rating of "Buy" and a consensus target price of GBX 305.

SThree Trading Down 0.6%

The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 23.25. The stock has a fifty day simple moving average of GBX 298.76 and a 200 day simple moving average of GBX 210.01. The firm has a market capitalization of £372.00 million, a P/E ratio of 30.52, a PEG ratio of 0.75 and a beta of 0.78.

Insider Buying and Selling at SThree

In other SThree news, insider Timo Lehne bought 20,427 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of GBX 289 per share, for a total transaction of £59,034.03. Insiders 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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