Staffline Group Plc (STAF) Upgraded to Neutral by Credit Suisse Group AG
Staffline Group Plc (LON:STAF) was upgraded by equities research analysts at Credit Suisse Group AG to a “neutral” rating in a research note issued to investors on Monday. The brokerage presently has a GBX 1,050 ($13.22) price target on the stock, up from their previous price target of GBX 800 ($10.07). Credit Suisse Group AG’s target price indicates a potential downside of 16.00% from the company’s current price.
STAF has been the topic of a number of other research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,100 ($13.85) target price on shares of Staffline Group Plc in a research report on Wednesday, January 4th. FinnCap reaffirmed a “buy” rating and issued a GBX 1,615 ($20.33) target price on shares of Staffline Group Plc in a research report on Thursday, November 17th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,250 ($15.73) target price on shares of Staffline Group Plc in a research report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Staffline Group Plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,213 ($15.27).
Staffline Group Plc (LON:STAF) traded down 0.32% during mid-day trading on Monday, hitting GBX 1250.00. 53,914 shares of the stock were exchanged. Staffline Group Plc has a 52 week low of GBX 725.00 and a 52 week high of GBX 1,270.00. The company has a 50-day moving average of GBX 1,183.14 and a 200-day moving average of GBX 987.68. The stock’s market capitalization is GBX 319.10 million.
The firm also recently declared a dividend, which will be paid on Tuesday, July 4th. Stockholders of record on Thursday, June 1st will be given a dividend of GBX 15.30 ($0.19) per share. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Staffline Group Plc’s previous dividend of $10.50.
In other Staffline Group Plc news, insider Andy Hogarth purchased 55,000 shares of Staffline Group Plc stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of GBX 1,150 ($14.47) per share, with a total value of £632,500 ($796,098.17).
Staffline Group Plc Company Profile
Staffline Group plc is a holding company, which is engaged in the provision of recruitment and outsourced human resource services to industry and services in the welfare to work arena and skills training. The Company has two segments: Staffing Services, which includes the provision of temporary staff to customers, and PeoplePlus, which includes the provision of welfare to work and other training services.
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