PageGroup (LON:PAGE) Hits New 12-Month Low - Here's What Happened

PageGroup plc (LON:PAGE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 360 ($4.70) and last traded at GBX 360.20 ($4.70), with a volume of 844077 shares. The stock had previously closed at GBX 367.40 ($4.80).

Analysts Set New Price Targets

PAGE has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on PageGroup from GBX 480 ($6.27) to GBX 440 ($5.75) and set a "hold" rating on the stock in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft decreased their price target on PageGroup from GBX 600 ($7.83) to GBX 550 ($7.18) and set a "buy" rating for the company in a research note on Tuesday, July 9th.

PageGroup Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.77 and a debt-to-equity ratio of 40.35. The company has a market cap of £1.21 billion, a PE ratio of 2,298.75, a P/E/G ratio of 0.98 and a beta of 1.11. The firm's 50-day simple moving average is GBX 384.74 and its two-hundred day simple moving average is GBX 423.89.

PageGroup Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, August 29th were issued a GBX 5.36 ($0.07) dividend. This represents a dividend yield of 1.32%. The ex-dividend date was Thursday, August 29th. PageGroup's dividend payout ratio is presently 10,625.00%.

PageGroup Company Profile

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.