PageGroup Insider Purchases £11,602.50 in Stock

On October 31st, Karen Geary, an insider at PageGroup plc (LON:PAGE), made a significant purchase of 3,250 shares of the company's stock. The shares were acquired at an average price of GBX 357, which translates to approximately $4.63 per share. This purchase resulted in a total transaction value of £11,602.50, or about $15,046.69.

PageGroup Stock Performance

The stock of PageGroup opened at GBX 364.80 ($4.73) on the following Friday. In analyzing the stock's performance, it has a 50-day simple moving average of GBX 375.88 and a 200-day simple moving average of GBX 414.54. The company's current ratio is at 1.60, with a quick ratio of 1.77. Additionally, PageGroup has a debt-to-equity ratio of 40.35. Over the past year, the stock reached a low of GBX 349 ($4.53) and a high of GBX 502.50 ($6.52). Its current market capitalization stands at £1.20 billion, with a PE ratio of 2,280.00 and a price-to-earnings-growth ratio of 0.98. The beta of PAGE stock is recorded at 1.11, indicating its volatility in the market.

PageGroup Cuts Dividend

Recently, PageGroup declared a dividend that was disbursed on October 11th. Shareholders who were on record as of August 29th received a dividend payment of GBX 5.36 ($0.07) per share. This reflects a dividend yield of 1.32%. The ex-dividend date for this payment was also August 29th, and it is noteworthy that PageGroup’s payout ratio currently stands at an extraordinary 10,625.00%.

Analyst Ratings Changes

PageGroup has been the focus of various analyst assessments. On July 16th, Jefferies Financial Group lowered its target price for PageGroup from GBX 480 ($6.22) to GBX 440 ($5.71) while maintaining a 'hold' rating on the stock. Additionally, Deutsche Bank Aktiengesellschaft reduced their price objective for PageGroup shares from GBX 600 ($7.78) to GBX 550 ($7.13), branding the stock with a 'buy' rating in their research report from July 9th.

About PageGroup

PageGroup plc operates as a leader in recruitment consultancy services and offers a range of ancillary services across the United Kingdom, Europe, the Middle East, Africa, Asia Pacific, and the Americas. The company specializes in executive search under the Page Executive brand, recruitment for professionals under the Michael Page brand, and flexible outsourcing services through the Page Outsourcing brand, catering to various employment needs across permanent, temporary, and contract staffing.

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