SThree (LON:STEM) Stock Price Up 10.2% Following Analyst Upgrade

Key Points

• SThree shares rose 10.2% to GBX 303.50 after Deutsche Bank raised its price target from GBX 260 to GBX 360 and maintained a Buy rating.
• Analyst sentiment remains positive: Berenberg reaffirmed its Buy rating, while SThree has a consensus Buy rating and a GBX 305 target price.
• Insider Timo Lehne purchased 20,427 shares for approximately £59,000, contributing to more than £5.9 million of insider buying over the past three months; insiders own 15.69% of the company.

SThree plc (LON:STEM - Get Free Report)'s stock price was up 10.2% on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 260 to GBX 360. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. SThree traded as high as GBX 318.52 and last traded at GBX 303.50. Approximately 934,416 shares were traded during trading, an increase of 25% from the average daily volume of 749,104 shares. The stock had previously closed at GBX 275.50.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 target price on shares of SThree in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, SThree has a consensus rating of "Buy" and a consensus target price of GBX 305.

Insider Activity at SThree

In other news, insider Timo Lehne bought 20,427 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of GBX 289 per share, with a total value of £59,034.03. In the last three months, insiders acquired 20,495 shares of company stock worth $5,915,295. Corporate insiders own 15.69% of the company's stock.

SThree Trading Up 10.2%

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 firm's 50 day simple moving average is GBX 248.97 and its 200-day simple moving average is GBX 193.06. The company has a market capitalization of £367.44 million, a PE ratio of 30.05, a P/E/G ratio of 0.75 and a beta of 0.75.

SThree (LON:STEM - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported GBX 2.10 EPS for the quarter. SThree had a net margin of 1.04% and a return on equity of 5.85%. As a group, equities research analysts anticipate that SThree plc will post 38.490881 EPS for the current year.

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 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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