Published On: Fri, Sep 9th, 2016

Goldman Sachs Group Inc. Reaffirms Sell Rating for Pagegroup PLC (PAGE)

Pagegroup PLC (LON:PAGE)‘s stock had its “sell” rating reaffirmed by research analysts at Goldman Sachs Group Inc. in a report released on Thursday. They presently have a GBX 329 ($4.38) price objective on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 8.31% from the company’s current price.
PAGE has been the topic of a number of other reports. Barclays PLC decreased their target price on Pagegroup PLC from GBX 480 ($6.39) to GBX 320 ($4.26) and set an “equal weight” rating on the stock in a research report on Thursday, July 7th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 310 ($4.13) price objective on shares of Pagegroup PLC in a research report on Monday, July 4th. Numis Securities Ltd downgraded Pagegroup PLC to an “add” rating and decreased their price objective for the company from GBX 530 ($7.06) to GBX 320 ($4.26) in a research report on Wednesday, July 6th. JPMorgan Chase & Co. decreased their price objective on Pagegroup PLC from GBX 380 ($5.06) to GBX 275 ($3.66) and set an “underweight” rating on the stock in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG restated a “sell” rating and set a GBX 265 ($3.53) price objective on shares of Pagegroup PLC in a research report on Friday, August 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 316.13 ($4.21).
Pagegroup PLC (LON:PAGE) traded up 3.65% on Thursday, hitting GBX 361.30. The stock had a trading volume of 1,490,376 shares. The stock’s 50-day moving average is GBX 347.94 and its 200 day moving average is GBX 374.55. Pagegroup PLC has a 1-year low of GBX 156.30 and a 1-year high of GBX 517.00.

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The firm also recently announced a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Thursday, September 8th will be paid a dividend of GBX 10.21 ($0.14) per share. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 2.92%.

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