Staffline Share News (STAF)

Staffline Information

Buy STAF Shares
Add STAF to Watchlist
Add STAF to Alert

Share Price Information for Staffline (STAF)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 33.75

Bid: 33.50

Ask: 34.00

Change: 0.05 (0.15%)

Spread: 0.50 (1.493%)

Open: 33.70

High: 0.00

Low: 0.00

Prev. Close: 33.70

Last checked at -

Berenberg slashes Staffline price target ahead of 'significant challenges'

Thu, 27th Jun 2019 15:30

(Sharecast News) - Analysts at Berenberg lowered their recommendation on the shares of the UK's biggest recruiter Staffline to 'hold' from 'buy' on Thursday and slashed their target price, citing a series of "significant challenges to overcome".Staffline, which had belatedly released its 2018 annual results earlier in the session, noted its outlook for 2019 remained challenging.Berenberg highlighted how Staffline had stuck to its recently reduced guidance for underlying earnings of £23-28m, the same range that it had guided towards on 17 May on the bak of a shift in its customers' demand profiles away from temporary workers, a slowdown in demand in higher-margin sectors such as automotive and driving, and a weaker-than-expected pick up in demand for work under the Apprenticeship Levy.While Staffline's 2018 numbers were actually in line with prevailing expectations, with staffing revenue coming in at £1.02bn, up 21% year-on-year, a tough macro environment and the company's exposure to retail and automotive-focused assets saw the group turn in lower organic growth.The German broker also noted that no further comments had been made regarding the National Minimum Wage review, with Staffline's management seeing the issue as "resolved"."With a market cap of c£42m and an EBITDA multiple of 4.5x for 2019 and 3.2x for 2020 the shares have priced in a lot of the negativity - understandably, given the high level of uncertainty," said the analysts, who also slashed their price target on the firm from 1,250p to just 150p."However, these are significant challenges to overcome and we expect the stock to remain a special situation for the foreseeable future."

More News

25 Jul 2018 11:38

Staffline Confident In Growth After Revenue And Profit Increase

LONDON (Alliance News) - Staffline Group PLC said Wednesday it is confident in meeting its full-year expectations after posting a rise in half-year revenue and profit.For the six months to

20 Jul 2018 18:18

Staffline Acquires Two Grafton Recruitment Subsidiaries

LONDON (Alliance News) - Recruitment and training company Staffline Group PLC said Friday it has acquired two subsidiaries of Grafton Recruitment Ireland Holdings Ltd.The two subsidiaries,

4 Jul 2018 12:04

LONDON MARKET MIDDAY: Hat-Trick For UK PMIs; Anglo American Gains

LONDON (Alliance News) - Investor sentiment was cautious on Wednesday with low volatility as US markets sat the session out for the Independence Day holiday.Mining stocks in London were broadly lower

4 Jul 2018 10:11

Staffline Remains Confident Of Growth, Trading Within Expectations

LONDON (Alliance News) - Staffline Group PLC said Wednesday current trading remains in line with expectations and the company "remains confident" about its growth prospects.The a

4 Jun 2018 12:38

Staffline Non-Executive Director Andy Hogarth To Step Down From Role

LONDON (Alliance News) - Staffline Group PLC said Monday Non-Executive Director Andy Hogarth will step down from the company on June 30 in order to explore other business joined the group in 2002

17 May 2018 11:31

Staffline Trading In Line With Views Despite Tight Labour Market

LONDON (Alliance News) - Recruitment company Staffline Group PLC said Thursday trading in the first four months of 2018 was in "line with market expectations" despite a "tight his a

10 May 2018 16:16

UK Shareholder Meetings Calendar - Next 7 Days

Friday 11 MayBBA AviationMan GroupRSA Insurance GroupJohn Wood Advanced 14 15 Pacific

10 May 2018 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 11 May BBA AviationTrading Statement Monday 14 Year Year Year Year 15 Year 16

19 Mar 2018 11:41

Staffline Acquires Recruitment Business Vital For Undisclosed Sum

LONDON (Alliance News) - Staffline Group PLC said Monday that it bought Endeavour Group Ltd and its subsidiary Vital Recruitment Ltd, a blue-collar recruitment business in the

18 Jan 2017 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

4 Jan 2017 14:30

Wednesday broker round-up

(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu

4 Jan 2017 08:04

Staffline sees FY results in line with market expectations

(ShareCast News) - Staffline said on Wednesday that results for the full year are likely to be in line with market expectations. In a trading update for the year ended 31 December, the staffing and training provider said demand in the staffing business has remained strong through the second half and

8 Nov 2016 16:05

UK Dividends Calendar - Next 7 Days

19 Aug 2016 06:36

Staffline Appoints Ex-Eveden Boss Tracy Lewis To Board

11 Aug 2016 19:13

Thursday broker round-up

(ShareCast News) - Astrazeneca: Berenberg reiterates buy with a target price of 5600p. Legal & General: RBC maintains outperform with a 300p target. Lloyds: JP Morgan reiterates neutral with a 62p target. Centamin: RBC stays at speculative risk with a 190p target. Staffline: Berenberg reiterates

Latest Share Chat

Staffline Share News (STAF)

Share Price Information for Staffline (STAF)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Berenberg slashes Staffline price target ahead of 'significant challenges'

Login to your account

Quickpicks are a member only feature

Login to your account