Hays (LON:HAS) Price Target Raised to GBX 65

Hays (LON:HAS) had its price target raised by Citigroup from GBX 33 to GBX 65 in a report issued on Wednesday morning,Digital Look reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on the stock. UBS Group restated a “neutral” rating and set a GBX 33 price objective on shares of Hays in a report on Friday, July 3rd. Royal Bank Of Canada increased their target price on shares of Hays from GBX 60 to GBX 85 and gave the company an “outperform” rating in a research note on Monday, August 24th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 28 target price on shares of Hays in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 61.20.

Hays Stock Up 0.9%

HAS opened at GBX 63.95 on Wednesday. The business has a 50 day moving average of GBX 65.82 and a 200-day moving average of GBX 45.32. The stock has a market capitalization of £1.00 billion, a price-to-earnings ratio of -17.57, a P/E/G ratio of 0.24 and a beta of 0.77. 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 has a 1-year low of GBX 28.68 and a 1-year high of GBX 78.45.

Hays (LON:HAS) last released its earnings results on Thursday, August 20th. The company reported GBX (3.64) EPS for the quarter. Hays had a negative net margin of 0.91% and a negative return on equity of 13.31%. As a group, sell-side analysts anticipate that Hays will post 4.0966184 earnings per share for the current year.

Hays declared that its board has approved a share buyback plan on Monday, June 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Hays

In related news, insider James Hilton sold 63,122 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of GBX 67, for a total transaction of £42,291.74. 0.81% of the stock is currently owned by corporate insiders.

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