Hays (LON:HAS) Price Target Raised to GBX 85 at Royal Bank Of Canada

Hays (LON:HAS) had its target price upped by equities research analysts at Royal Bank Of Canada from GBX 60 to GBX 85 in a report released on Monday,London Stock Exchange reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.80% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a GBX 33 price objective on shares of Hays in a report on Friday, July 3rd. Jefferies Financial Group reissued an “underperform” rating and set a GBX 28 target price on shares of Hays in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 62.20.

Hays Price Performance

Shares of LON:HAS opened at GBX 73.40 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 has a market capitalization of £1.15 billion, a PE ratio of -111.21, a P/E/G ratio of 0.24 and a beta of 0.77. Hays has a twelve month low of GBX 28.68 and a twelve month high of GBX 74.30. The company has a 50-day moving average price of GBX 50.17 and a two-hundred day moving average price of GBX 41.10.

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

Hays declared that its board has authorized a share buyback plan on Monday, June 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Hays

In related news, insider Joe Hurd purchased 5,672 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of GBX 35 per share, for a total transaction of £1,985.20. 0.81% of the stock is currently owned by corporate insiders.

Hays Company Profile