PageGroup plc (LON:PAGE – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 401.80 ($5.25) and traded as low as GBX 371.60 ($4.86). PageGroup shares last traded at GBX 373.80 ($4.89), with a volume of 216,178 shares trading hands.
Wall Street Analyst Weigh In
PAGE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price target on PageGroup from GBX 600 ($7.85) to GBX 550 ($7.19) and set a “buy” rating for the company in a research note on Tuesday, July 9th. Jefferies Financial Group cut their target price on shares of PageGroup from GBX 480 ($6.28) to GBX 440 ($5.75) and set a “hold” rating for the company in a research report on Tuesday, July 16th.
Check Out Our Latest Stock Report on PageGroup
PageGroup Price Performance
PageGroup Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, August 29th will be given a GBX 5.36 ($0.07) dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. PageGroup’s payout ratio is 10,625.00%.
About PageGroup
PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search services, such as search, selection, and talent management solutions for organizations on a permanent and interim basis under the Page Executive brand; recruitment services for qualified professional on permanent, temporary, and contract or interim basis under the Michael Page brand; recruitment services to organizations requiring permanent employees and temporary or contract staff at technical and administrative support, professional clerical, and junior management levels under the Page Personnel brand; and flexible recruitment outsourcing services under the Page Outsourcing brand.
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