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Home / Stocks and Markets at Lows / PageGroup (PAGE.L) 14-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

PageGroup (PAGE.L) 14-01-20

Shares in PageGroup (PAGE.L) have fallen dramatically from recent highs of 533.5p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 484.4p (at time of writing). A return to previous highs would represent a rise of 10%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -10% from 12-month highs; +31% from 12 month lows.

Latest News

07:19:  Page, the recruitment company,  announced that its gross profit declined by 2.6% in Q4, driven by weakness in the Asian and UK markets.  Gross profit for the quarter to December fell to £205.6m.

10 Jan:  RBC Capital Markets has downgraded its rating on PageGroup Plc (PAGE) to sector performer (from outperform) and reduced the target price to 530p  (from 550p).

08 Jan:  UBS reiterates its neutral rating on PageGroup Plc (PAGE) and increased the target price to 515p (from 440p).

06 Jan:  Jefferies International has downgraded its rating on PageGroup Plc (PAGE) to hold (from buy) and increased the target price to 555p  (from 540p).

11 Dec:  Investec today initiates coverage of PageGroup Plc (PAGE) with a buy rating and target price of 530p.

06 Dec:  Liberum Capital reiterates its buy rating on PageGroup Plc (PAGE) and increased the target price to 515p (from 470p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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