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Nov 22 2021, 07:00 GMT
Business Support Services
Better conversion rates to drive forecasts
- Sectors : Business Support Services
- Companies : PageGroup plc | Hays plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Hays plc | OUTPERFORM | 01/04/21 | N/A | N/A | 157p |
| PageGroup plc | OUTPERFORM | 01/04/21 | N/A | N/A | 675p |
DAVY VIEW
Following last quarter’s figures, we commented that conversion rates continued to be underestimated at the UK recruitment companies. We have revisited this point, conclude that this is still the case and upgrade forecasts once more for both Hays and Page. We are now at the top-of-the-range for both stocks.
