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Staffline ( (GB:STAF) ) has shared an update.
Staffline Group PLC has executed a share buy-back, purchasing 70,000 ordinary shares for cancellation at a consistent price of 45.00p per share. This move, part of Tranche 2 of their buy-back program, reduces the total number of shares in circulation to 124,618,325, impacting shareholder voting rights and potentially enhancing shareholder value by consolidating ownership.
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 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 to various industries, including supermarkets, logistics, and manufacturing, from approximately 400 sites. Recruitment Ireland offers end-to-end staffing solutions across multiple sectors, supplying temporary and permanent staff throughout Ireland.
Average Trading Volume: 218,425
Technical Sentiment Signal: Hold
Current Market Cap: £53.66M
For detailed information about STAF stock, go to TipRanks’ Stock Analysis page.