PageGroup (LON:PAGE) Hits New 52-Week Low – Here’s What Happened

Shares of PageGroup plc (LON:PAGE) reached a new 52-week low during trading on Friday . The company traded as low as GBX 358.20 ($4.65) and last traded at GBX 361 ($4.69), with a volume of 56059 shares trading hands. The stock had previously closed at GBX 363.60 ($4.72).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PageGroup from GBX 600 ($7.79) to GBX 550 ($7.14) and set a “buy” rating for the company in a research report on Tuesday, July 9th. Jefferies Financial Group dropped their target price on shares of PageGroup from GBX 480 ($6.23) to GBX 440 ($5.71) and set a “hold” rating for the company in a research report on Tuesday, July 16th.

PageGroup Stock Down 0.2 %

The company has a market cap of £1.19 billion, a PE ratio of 2,261.25, a PEG ratio of 0.98 and a beta of 1.11. The stock’s 50 day moving average price is GBX 379.88 and its 200-day moving average price is GBX 418.75. The company has a debt-to-equity ratio of 40.35, a quick ratio of 1.77 and a current ratio of 1.60.

PageGroup Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, August 29th were issued a dividend of GBX 5.36 ($0.07) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 1.32%. PageGroup’s dividend payout ratio is currently 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.