The EUR 33.87 support, currently tested, should allow Randstad Holding to rally again.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 16.2x for 2014 and 12.8x for 2015. Besides, EV/Sales ratio is low at 0.38x for this year. Moreover, perspectives on the activities are encouraging with a constant progression of revenue and margins anticipated by analysts.
Technically, the security fell sharply for several weeks. This fall has lead Randstad towards the EUR 33.9 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the EUR 37.2 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Randstad.
Thanks to the technical pattern and Randstad's strong fundamentals, active investors can open long positions above EUR 33.9. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The target will then be EUR 37.2. However, a bearish trend would regain the upper hand if the security crosses EUR 33.9.
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
RANDSTAD N.V. 
