Adecco Group (OTCMKTS:AHEXY) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Adecco Group AG (OTCMKTS:AHEXYGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.73 and traded as low as $12.20. Adecco Group shares last traded at $12.40, with a volume of 228,578 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AHEXY shares. JPMorgan Chase & Co. began coverage on Adecco Group in a research report on Thursday, December 5th. They issued an “underweight” rating on the stock. Royal Bank of Canada upgraded Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on AHEXY

Adecco Group Stock Performance

The company has a market cap of $4.18 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day simple moving average is $13.85 and its two-hundred day simple moving average is $15.73.

Adecco Group Company Profile

(Get Free Report)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.

Further Reading

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