SThree (LON:STEM) Shares Up 10.2% Following Analyst Upgrade

SThree plc (LON:STEM)’s stock price traded up 10.2% during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 260 to GBX 360. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. SThree traded as high as GBX 318.52 and last traded at GBX 303.50. 934,416 shares traded hands during trading, an increase of 25% from the average session volume of 749,104 shares. The stock had previously closed at GBX 275.50.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 250 target price on shares of SThree in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 305.

Insider Activity at SThree

In other SThree news, insider Timo Lehne purchased 20,427 shares of SThree stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of GBX 289 per share, with a total value of £59,034.03. Insiders bought a total of 20,495 shares of company stock valued at $5,915,295 in the last 90 days. Insiders own 15.69% of the company’s stock.

SThree Stock Performance

The company has a market capitalization of £367.44 million, a PE ratio of 30.05, a PEG ratio of 0.75 and a beta of 0.75. The company has a debt-to-equity ratio of 23.25, a quick ratio of 1.69 and a current ratio of 2.05. The company has a 50 day moving average price of GBX 248.97 and a 200 day moving average price of GBX 193.06.

SThree (LON:STEM) last issued its quarterly earnings results on Tuesday, July 21st. The company reported GBX 2.10 earnings per share (EPS) for the quarter. SThree had a net margin of 1.04% and a return on equity of 5.85%. Equities analysts forecast that SThree plc will post 38.490881 EPS for the current year.

SThree Company Profile

SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

We provide permanent and flexible contract talent to a diverse base of around 6,000 clients.