Robert Walters (LON:RWA) Stock Crosses Below 200 Day Moving Average – Here’s Why

Robert Walters plc (LON:RWA) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 103.73 and traded as low as GBX 83.60. Robert Walters shares last traded at GBX 84.20, with a volume of 510,694 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 target price on shares of Robert Walters in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Robert Walters presently has a consensus rating of “Hold” and an average price target of GBX 100.

Robert Walters Trading Up 1.4%

The firm has a 50-day moving average price of GBX 87.13 and a 200-day moving average price of GBX 103.73. The company has a market capitalization of £55.39 million, a price-to-earnings ratio of -2.07, a PEG ratio of 0.08 and a beta of 0.80. The company has a current ratio of 1.28, a quick ratio of 1.52 and a debt-to-equity ratio of 89.82.

Insider Buying and Selling

In other Robert Walters news, insider Leslie Van de Walle bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of GBX 94 per share, with a total value of £28,200. Also, insider Toby Fowlston acquired 9,930 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average price of GBX 99 per share, with a total value of £9,830.70. Insiders have acquired 91,669 shares of company stock worth $8,683,058 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Robert Walters Company Profile

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.