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Staffline ( (GB:STAF) ) has issued an update.
Staffline Group PLC has announced a share buy-back, purchasing 82,427 ordinary shares for cancellation at a price of 40.00p per share, as part of its ongoing strategy to manage its capital structure. This transaction reduces the total number of shares in issue to 126,063,655, impacting the total voting rights and potentially affecting shareholder interests and market perceptions.
The most recent analyst rating on (GB:STAF) stock is a Hold with a £47.00 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 Neutral.
The overall score reflects strong financial performance with improving cash flow and revenue growth, balanced by challenges in profitability. Technical indicators suggest neutral momentum, while valuation is reasonable. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:STAF stock, click here.
More about Staffline
Staffline is one of the UK’s leading recruitment groups, operating through two divisions: Recruitment GB and Recruitment Ireland. Recruitment GB provides flexible blue-collar workers across various industries, including supermarkets, logistics, and manufacturing, supplying approximately 35,000 staff daily. Recruitment Ireland offers end-to-end solutions across multiple industries, supplying around 4,500 staff daily, and provides RPO, MSP, temporary, and permanent solutions throughout Ireland.
Average Trading Volume: 187,361
Technical Sentiment Signal: Buy
Current Market Cap: £48.22M
For detailed information about STAF stock, go to TipRanks’ Stock Analysis page.