Adecco Group AG (OTCMKTS:AHEXY – Get Rating) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 6,600 shares, a drop of 86.2% from the July 15th total of 47,900 shares. Based on an average trading volume of 150,900 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AHEXY shares. JPMorgan Chase & Co. lowered their price objective on Adecco Group from CHF 35 to CHF 32 and set an "underweight" rating on the stock in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Adecco Group from CHF 41 to CHF 36 in a report on Tuesday, May 10th. Finally, Morgan Stanley lowered their target price on Adecco Group from CHF 51.50 to CHF 34.30 in a report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $34.58.

Adecco Group Stock Up 3.9 %

AHEXY stock opened at $17.55 on Thursday. The firm has a market cap of $5.91 billion, a PE ratio of 10.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.31 and a current ratio of 1.31. Adecco Group has a one year low of $16.03 and a one year high of $29.14. The firm's 50 day moving average price is $17.32 and its 200-day moving average price is $20.21.

About Adecco Group

(Get Rating)

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, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis.

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