The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Michael Page International is trading at £4.49 and the company is down 11% since it reported its full-year figures for 2013 in March. The company revealed better-than-expected results across revenue, earnings per share and profit. The company recently stated that profits were growing at a double-digit rate in the UK and Asia-Pacific, but adverse movements in the foreign markets hit the bottom line.
Michael Page is off 7.5% year-to-date while Hays is down 5.4% over the same period. Last month Hays reiterated its full-year guidance.
Equity analysts are bullish on Michael Page. Out of the 24 ratings 13 are buys, 10 are holds and one is a sell.
The company is finding support at £4.30. If the figures meet expectations and the outlook for the remainder of the year is upheld the stock could target £4.62.