Citigroup Issues Positive Forecast for Hays (LON:HAS) Stock Price

Hays (LON:HAS) had its price target hoisted by equities research analysts at Citigroup from GBX 33 to GBX 65 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 0.78% from the stock’s current price.

Several other brokerages have also issued reports on HAS. UBS Group reiterated a “neutral” rating and set a GBX 33 price target on shares of Hays in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hays from GBX 60 to GBX 95 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 28 target price on shares of Hays in a research report on Friday, August 21st. Finally, Royal Bank Of Canada increased their price target on shares of Hays from GBX 60 to GBX 85 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 61.20.

Hays Price Performance

Shares of LON:HAS opened at GBX 64.50 on Wednesday. The firm has a market cap of £1.01 billion, a price-to-earnings ratio of -17.72, a P/E/G ratio of 0.24 and a beta of 0.77. Hays has a 1 year low of GBX 28.68 and a 1 year high of GBX 78.45. The company has a current ratio of 1.18, a quick ratio of 1.31 and a debt-to-equity ratio of 60.68. The business has a fifty day simple moving average of GBX 65.02 and a 200 day simple moving average of GBX 44.84.

Hays (LON:HAS) last issued 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 predict that Hays will post 4.0966184 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Hays

In related news, insider James Hilton sold 63,122 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of GBX 67, for a total value of £42,291.74. Insiders own 0.81% of the company’s stock.

Hays Company Profile