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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

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.