UBS Group Reiterates Neutral Rating for Hays (LON:HAS)

Hays (LON:HAS)‘s stock had its “neutral” rating reiterated by stock analysts at UBS Group in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 33 price target on the stock. UBS Group’s price target would indicate a potential downside of 2.15% from the company’s previous close.

Several other equities analysts have also commented on HAS. Jefferies Financial Group restated an “underperform” rating and issued a GBX 28 price objective on shares of Hays in a report on Thursday, May 21st. Citigroup cut their target price on Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 64.20.

Hays Trading Up 0.7%

Shares of HAS stock opened at GBX 33.73 on Friday. The company has a debt-to-equity ratio of 65.55, a current ratio of 1.27 and a quick ratio of 1.31. The firm has a market cap of £539.27 million, a PE ratio of -51.10, a price-to-earnings-growth ratio of 0.24 and a beta of 0.77. The company has a 50-day moving average of GBX 33.24 and a two-hundred day moving average of GBX 39.71. Hays has a 1-year low of GBX 28.68 and a 1-year high of GBX 68.55.

Hays announced that its Board of Directors has initiated a stock buyback program on Monday, June 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Hays

In other Hays news, insider Mark Dearnley bought 485,500 shares of Hays stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of GBX 30 per share, for a total transaction of £145,650. Also, insider Joe Hurd purchased 5,672 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of GBX 35 per share, with a total value of £1,985.20. In the last three months, insiders bought 491,224 shares of company stock valued at $14,765,184. Insiders own 0.76% of the company’s stock.

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