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Staffline ( (GB:STAF) ) just unveiled an announcement.
Staffline Group PLC has executed a share buy-back, purchasing 87,919 ordinary shares for cancellation at a consistent price of 45.00p per share, as part of Tranche 2 of its buy-back program. This transaction reduces the total number of shares in issue to 124,172,353, impacting the total voting rights and potentially affecting shareholder interests 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. Recruitment GB provides flexible blue-collar workers across various industries such as supermarkets, logistics, and manufacturing, with an average of 35,000 staff supplied daily from around 400 sites. Recruitment Ireland offers end-to-end staffing solutions across multiple sectors, supplying approximately 4,500 staff per day and providing RPO, MSP, temporary, and permanent solutions throughout Ireland.
Average Trading Volume: 156,172
Technical Sentiment Signal: Hold
Current Market Cap: £52.65M
For detailed information about STAF stock, go to TipRanks’ Stock Analysis page.