Hays (LON:HAS) Price Target Raised to GBX 85

Hays (LON:HAS – Free Report) had its target price upped by Royal Bank Of Canada from GBX 60 to GBX 85 in a report released on Monday, Marketbeat reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on HAS. Jefferies Financial Group restated an “underperform” rating and set a GBX 28 price objective on shares of Hays in a research report on Friday, August 21st. UBS Group reaffirmed a “neutral” rating and issued a GBX 33 target price on shares of Hays in a research report on Friday, July 3rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hays currently has an average rating of “Hold” and an average price target of GBX 62.20.

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Hays Stock Performance

Shares of LON HAS opened at GBX 76.30 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.18 and a debt-to-equity ratio of 60.68. The firm’s 50-day moving average price is GBX 52.49 and its two-hundred day moving average price is GBX 41.68. Hays has a 52-week low of GBX 28.68 and a 52-week high of GBX 78.45. The stock has a market capitalization of £1.20 billion, a P/E ratio of -115.61, a P/E/G ratio of 0.24 and a beta of 0.77.

Hays (LON:HAS – Get Free Report) last posted 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 forecast that Hays will post 4.0966184 earnings per share for the current year.

Hays declared that its board has initiated a share repurchase plan on Monday, June 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Joe Hurd bought 5,672 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was purchased at an average price of GBX 35 per share, for a total transaction of £1,985.20. Company insiders own 0.81% of the company’s stock.

Hays Company Profile

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