Staffline Group Plc (STAF) Insider Sells £10,263,127.80 in Stock

Staffline Group Plc (LON:STAF) insider Andy Hogarth sold 1,006,189 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of GBX 1,020 ($14.09), for a total transaction of £10,263,127.80 ($14,179,507.88).

Shares of Staffline Group Plc (LON:STAF) traded up GBX 1 ($0.01) during trading on Wednesday, reaching GBX 914 ($12.63). 28,748 shares of the company’s stock were exchanged, compared to its average volume of 89,100. Staffline Group Plc has a 12-month low of GBX 912 ($12.60) and a 12-month high of GBX 1,451.72 ($20.06). The company has a market cap of $254.54 and a P/E ratio of 1,287.32.

STAF has been the subject of several recent analyst reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,350 ($18.65) price objective on shares of Staffline Group in a report on Friday, November 10th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 1,000 ($13.82) price objective on shares of Staffline Group in a report on Wednesday, January 3rd. FinnCap reaffirmed a “buy” rating and set a GBX 1,615 ($22.31) price objective on shares of Staffline Group in a report on Monday, December 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,250 ($17.27) price objective on shares of Staffline Group in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,247 ($17.23).

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Staffline Group 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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