Randstad: in demand, thanks to broker upgrade
(CercleFinance.com) - The Randstad share is up over 5% in Amsterdam, thanks to Credit Suisse upgrading its rating on the share from "neutral" to "outperform," having raised its corresponding target price from 46 euros to 59 euros, in comments on European HR service groups.
"Randstad is trading at a 2%PE discount to FTSE Europe vs an average 16% discount but through periods of economic recovery it has historically traded at a 60% premium," the broker notes.
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