Pagegroup (PAGE)

Sector:

Support

Index:

FTSE 250

448.60p
   
  • Change Today:
      3.60p
  • 52 Week High: 495.00p
  • 52 Week Low: 365.00p
  • Currency: UK Pounds
  • Shares Issued: 328.62m
  • Volume: 774,642
  • Market Cap: £1,474.18m

RBC Capital upgrades PageGroup, Hays

By Michele Maatouk

Date: Monday 12 Jul 2021

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded its stance on shares of recruiters PageGroup and Hays on Monday, citing improving confidence for the former and an attractive entry point for the latter.
Hays was lifted from 'sector perform'. RBC said that as confidence in the sustainability of the global hiring recovery grows, it reckons Hays' lacklustre year-to-date share price performance versus the wider UK market and 13% underperformance versus PageGroup looks anomalous.

"We believe the forthcoming Q4 update is likely to lead to upgrades to FY22 estimates and, though we leave our currently top-end EBITA estimates essentially unchanged, we raise our medium-term EBITA and free cash flow estimated, driving up our discounted cash flow-derived price target to 195p from 150p and upgrade our rating to 'outperform'," it said.

PageGroup was also lifted from 'sector perform' to 'outperform' and its price target boosted from 525p to 700p.

"Following strong Q2 fee performance, ongoing positive recruitment survey results, cost control, productivity improvements and improving tax efficiency, we raise our FY21 earnings per share by a huge 53%," RBC said.

"The shares now look too cheap given the pace of profit and cash recovery and we believe investors will see more than 20% of market cap returned to them in the next three years."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Pagegroup Market Data

Currency UK Pounds
Share Price 448.60p
Change Today 3.60p
% Change 0.81 %
52 Week High 495.00p
52 Week Low 365.00p
Volume 774,642
Shares Issued 328.62m
Market Cap £1,474.18m

Pagegroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.62% below the market average21.62% below the market average21.62% below the market average21.62% below the market average21.62% below the market average
28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average
Price Trend
17.71% above the market average17.71% above the market average17.71% above the market average17.71% above the market average17.71% above the market average
8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average8.91% above the sector average
Income
65.91% above the market average65.91% above the market average65.91% above the market average65.91% above the market average65.91% above the market average
47.69% above the sector average47.69% above the sector average47.69% above the sector average47.69% above the sector average47.69% above the sector average
Growth
71.06% below the market average71.06% below the market average71.06% below the market average71.06% below the market average71.06% below the market average
82% below the sector average82% below the sector average82% below the sector average82% below the sector average82% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 9
Sell 0
Strong Sell 0
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pagegroup Dividends

  Latest Previous
  Final Special
Ex-Div 16-May-24 31-Aug-23
Paid 21-Jun-24 13-Oct-23
Amount 11.24p 15.87p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 218,326 @ 448.60p
16:35 417 @ 448.60p
16:35 1,122 @ 448.60p
16:35 306 @ 448.60p
16:35 125 @ 448.60p

Pagegroup Key Personnel

CFO Kelvin Stagg

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