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.
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