PageGroup initiated with an Equal Weight at Barclays

Barclays analyst Afonso Osorio initiated coverage of PageGroup with an Equal Weight rating and 515 GBp price target. The analyst says the European staffing playbook is clear: “you buy the shares when sentiment is at its lowest ebb, knowing earnings downgrades may continue for another 10-11 months.” After analyzing the last 20 years of data, the firm argues that today may be one of the best times to buy.