Adecco Group AG (OTCMKTS:AHEXY – Get Rating) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 6,300 shares, a drop of 71.1% from the January 31st total of 21,800 shares. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Morgan Stanley downgraded shares of Adecco Group from an "equal weight" rating to an "underweight" rating in a research report on Monday, December 5th. Royal Bank of Canada dropped their target price on shares of Adecco Group from CHF 48 to CHF 45 in a research report on Tuesday, November 8th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company's stock. According to MarketBeat, Adecco Group presently has a consensus rating of "Reduce" and an average target price of $35.62.
Get Adecco Group alerts:Adecco Group Price Performance
Shares of OTCMKTS AHEXY opened at $17.73 on Wednesday. Adecco Group has a twelve month low of $13.20 and a twelve month high of $23.81. The firm has a 50-day moving average of $18.05 and a two-hundred day moving average of $16.60. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.66 and a beta of 1.32. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.
About Adecco Group
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Adecco Group AG operates as a talent advisory and solutions company. It provides human capital solutions including flexible placement, permanent placement, career transition, outsourcing, consulting, training, up-/re-skilling, and other services. It operates through the following geographical segments: France; Adecco Northern Europe; Adecco DACH; Adecco Southern Europe & EEMENA; Adecco Americas; Adecco APAC; LHH (Talent Solutions); and Modis.
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