Noble Financial Sticks to Their Buy Rating for Kelly Services (KELYA)

Noble Financial analyst Mark Reichman maintained a Buy rating on Kelly Services (KELYAResearch Report) today and set a price target of $25.00. The company’s shares closed last Wednesday at $23.20, close to its 52-week high of $24.05.

According to TipRanks.com, Reichman is a 4-star analyst with an average return of 18.4% and a 44.8% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Comstock Mining, and Chakana Copper.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kelly Services with a $25.50 average price target, which is an 8.7% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $26.00 price target.

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The company has a one-year high of $24.05 and a one-year low of $11.01. Currently, Kelly Services has an average volume of 216.9K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KELYA in relation to earlier this year.

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Kelly Services, Inc. engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil. The Global Talent Solutions segment offers outsourcing, consulting, and centrally delivered staffing business. The International Staffing segment relates to branch-delivered staffing business in the Europe, Middle East, and Africa region, as well as in the Asia Pacific. The company was founded by William Russell Kelly on October 7, 1946 and is headquartered in Troy, MI.