PageGroup (LON:PAGE) Shares Pass Below 50-Day Moving Average of $409.23

PageGroup plc (LON:PAGE) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 409.23 ($5.38) and traded as low as GBX 371.80 ($4.89). PageGroup shares last traded at GBX 371.80 ($4.89), with a volume of 743,546 shares trading hands.

Analysts Set New Price Targets

PAGE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on PageGroup from GBX 600 ($7.89) to GBX 550 ($7.23) and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Jefferies Financial Group lowered their target price on shares of PageGroup from GBX 480 ($6.31) to GBX 440 ($5.79) and set a “hold” rating on the stock in a research report on Tuesday, July 16th.

PageGroup Trading Down 2.2 %

The company has a 50 day simple moving average of GBX 406.81 and a 200 day simple moving average of GBX 437.46. The stock has a market capitalization of £1.20 billion, a PE ratio of 2,272.50, a P/E/G ratio of 0.98 and a beta of 1.11. The company has a current ratio of 1.60, a quick ratio of 1.77 and a debt-to-equity ratio of 40.35.

PageGroup Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, August 29th will be paid a GBX 5.36 ($0.07) dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. PageGroup’s dividend payout ratio (DPR) is presently 10,625.00%.

About PageGroup

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.