Hays (LON:HAS) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Hays plc (LON:HAS)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 48.44 and traded as high as GBX 58.95. Hays shares last traded at GBX 57.55, with a volume of 1,681,526 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HAS shares. UBS Group reaffirmed a “neutral” rating and issued a GBX 33 price objective on shares of Hays in a research report on Friday, July 3rd. Citigroup boosted their target price on Hays from GBX 33 to GBX 65 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Hays from GBX 60 to GBX 95 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada raised their price target on Hays from GBX 60 to GBX 85 and gave the company an “outperform” rating in a report on Monday, August 24th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 45 price objective on shares of Hays in a research report on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 64.60.

Hays Stock Performance

The firm has a market cap of £909.27 million, a price-to-earnings ratio of -15.88, a price-to-earnings-growth ratio of 0.24 and a beta of 0.77. The stock’s 50 day moving average is GBX 65.83 and its 200 day moving average is GBX 48.59. The company has a current ratio of 1.18, a quick ratio of 1.31 and a debt-to-equity ratio of 60.68.

Hays (LON:HAS) last released its quarterly earnings results on Thursday, August 20th. The company reported GBX (3.64) earnings per share for the quarter. Hays had a negative net margin of 0.91% and a negative return on equity of 13.31%. Analysts anticipate that Hays plc will post 4.10 earnings per share for the current year.

Insider Activity at Hays

In other news, insider James Hilton sold 63,122 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of GBX 67, for a total transaction of £42,291.74. Insiders own 0.76% of the company’s stock.

Hays Company Profile