TrueBlue with ticker code (TBI) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 40 and 36 calculating the mean target price we have 37.33. Given that the stocks previous close was at 25.78 this would indicate that there is a potential upside of 44.8%. There is a 50 day moving average of 27.66 and the 200 moving average now moves to 27.59. The market capitalisation for the company is $843m. You can visit the company’s website by visiting: https://www.trueblue.com
The potential market cap would be $1,221m based on the market concensus.
TrueBlue, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients’ contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready and changed its name to TrueBlue in December 2007. TrueBlue was incorporated in 1985 and is headquartered in Tacoma, Washington.
