Staffline Cancels 420,786 Shares Under Ongoing Buy-Back Programme

Staffline ( (GB:STAF) ) has issued an announcement.

Staffline Group has executed a further tranche of its ongoing share buy-back programme, repurchasing and cancelling 420,786 ordinary shares at 45p each on the London Stock Exchange. Following this transaction, the company’s issued share capital stands at 123,011,721 ordinary shares with no shares held in treasury, a change that alters the total voting rights and provides the new denominator for investors’ disclosure calculations under UK transparency rules.

The most recent analyst rating on (GB:STAF) stock is a Buy with a £50.00 price target. To see the full list of analyst forecasts on Staffline stock, see the GB:STAF Stock Forecast page.

Spark’s Take on GB:STAF Stock

According to Spark, TipRanks’ AI Analyst, GB:STAF is a Outperform.

Staffline’s overall score is driven by strong corporate events and reasonable valuation. Financial performance shows improvement but is hindered by profitability issues. Technical analysis indicates a neutral market sentiment.

To see Spark’s full report on GB:STAF stock, click here.

More about Staffline

Staffline Group is one of the UK’s leading recruitment groups, operating through two main divisions: Recruitment GB and Recruitment Ireland. Recruitment GB provides flexible blue-collar labour, supplying around 35,000 temporary staff per day across supermarkets, food processing, drinks, driving, logistics and manufacturing from roughly 400 sites. Recruitment Ireland delivers end-to-end recruitment solutions, including RPO, MSP, and temporary and permanent staffing, supplying about 4,500 workers daily across public and private sectors throughout Ireland via a network of branch and onsite locations.

Average Trading Volume: 157,542

Technical Sentiment Signal: Hold

Current Market Cap: £52.28M

For a thorough assessment of STAF stock, go to TipRanks’ Stock Analysis page.