Hays (LON:HAS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Hays plc (LON:HAS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 39.35 and traded as high as GBX 61.75. Hays shares last traded at GBX 60.64, with a volume of 692,389,750 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HAS. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 28 price objective on shares of Hays in a research report on Thursday, May 21st. Citigroup cut their target price on shares of Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and issued a GBX 33 target price on shares of Hays in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 60 price target on shares of Hays in a report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 57.20.

Hays Stock Down 1.2%

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 company has a market capitalization of £932.57 million, a P/E ratio of -90.00, a PEG ratio of 0.24 and a beta of 0.77. The company has a 50 day moving average of GBX 42.35 and a 200-day moving average of GBX 39.35.

Hays announced that its board has authorized a stock repurchase program on Monday, June 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Hays news, insider Mark Dearnley bought 485,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of GBX 30 per share, for a total transaction of £145,650. Also, insider Joe Hurd purchased 5,672 shares of the company’s stock in a transaction that occurred 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. 0.81% of the stock is currently owned by company insiders.

Hays Company Profile