Hays plc (HAS) Shares Up 1.4% After Analyst Upgrade
Hays plc (LON:HAS)’s share price shot up 1.4% during mid-day trading on Wednesday after Jefferies Group raised their price target on the stock from GBX 145 to GBX 195. Jefferies Group currently has a hold rating on the stock. Hays plc traded as high as GBX 199.90 ($2.65) and last traded at GBX 193.70 ($2.57). 6,477,357 shares traded hands during mid-day trading, an increase of 85% from the average session volume of 3,496,830 shares. The stock had previously closed at GBX 191 ($2.53).
Several other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Hays plc from GBX 160 ($2.12) to GBX 180 ($2.39) and gave the company a “sector performer” rating in a research note on Tuesday. Kepler Capital Markets boosted their target price on shares of Hays plc from GBX 163 ($2.16) to GBX 190 ($2.52) and gave the company a “hold” rating in a research note on Tuesday, September 19th. Liberum Capital boosted their target price on shares of Hays plc from GBX 180 ($2.39) to GBX 195 ($2.59) and gave the company a “buy” rating in a research note on Wednesday, September 6th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 180 ($2.39) target price on shares of Hays plc in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co boosted their target price on shares of Hays plc from GBX 152.50 ($2.02) to GBX 165 ($2.19) and gave the company a “neutral” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 171.36 ($2.27).
In other news, insider Doug Evans sold 31,220 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of GBX 185 ($2.45), for a total value of £57,757 ($76,610.96).
The firm’s market capitalization is GBX 2.71 billion. The company’s 50 day moving average price is GBX 182.86 and its 200 day moving average price is GBX 170.78.
The company also recently declared a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 6.51 ($0.09) per share. This represents a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from Hays plc’s previous dividend of $0.96.
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Hays plc Company Profile
Hays plc is a recruitment company. The Company’s segments include Asia Pacific; Continental Europe & Rest of World, and United Kingdom & Ireland. The Company offers temporary and permanent recruitment services to private and public sector markets. It operates in over 30 countries and approximately 20 specialisms.
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