Staffline Group Executes Share Buy-Back, Adjusts Voting Rights

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

Staffline Group PLC has announced the purchase and cancellation of 1,000,000 ordinary shares as part of its share buy-back program, executed through Panmure Liberum Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 124,688,325, impacting the company’s total voting rights and potentially affecting shareholder interest notifications under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:STAF) stock is a Hold with a £49.00 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.

Staffline’s stock score is driven by strong technical indicators and reasonable valuation, despite challenges in profitability and equity stability. The absence of earnings call data and corporate events limits additional insights.

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

More about Staffline

Staffline Group PLC is one of the UK’s leading recruitment groups, operating through two main divisions: Recruitment GB and Recruitment Ireland. The Recruitment GB division is a major provider of flexible blue-collar workers across various industries such as supermarkets, logistics, and manufacturing, supplying approximately 35,000 staff daily from around 400 sites. The Recruitment Ireland division offers comprehensive staffing solutions across multiple sectors, providing around 4,500 staff daily and offering services such as RPO, MSP, and both temporary and permanent staffing solutions throughout Ireland.

Average Trading Volume: 215,243

Technical Sentiment Signal: Hold

Current Market Cap: £52.02M

For detailed information about STAF stock, go to TipRanks’ Stock Analysis page.