PageGroup price target lowered to 215 GBp from 255 GBp at Jefferies

Jefferies lowered the firm’s price target on PageGroup (MPGPF) to 215 GBp from 255 GBp and keeps a Hold rating on the shares. Investors have been asking through 2025 if it was time to buy the European Business and Employment Services sector as top line was bottoming out, but the firm thinks “this time is different” as cyclical headwinds are exacerbated with incremental structural challenges, which it argues should keep earnings “lower for longer.”