Robert Walters (LON:RWA) Trading 11.2% Higher – Here’s Why

Shares of Robert Walters plc (LON:RWA) shot up 11.2% on Tuesday . The stock traded as high as GBX 133 and last traded at GBX 129. 139,246 shares were traded during mid-day trading, a decline of 19% from the average session volume of 171,163 shares. The stock had previously closed at GBX 116.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Robert Walters from GBX 350 to GBX 280 and set a “buy” rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 280.

Robert Walters Trading Up 11.2%

The company has a market capitalization of £84.85 million, a P/E ratio of -5.76, a price-to-earnings-growth ratio of 0.08 and a beta of 1.22. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.47 and a quick ratio of 1.52. The firm has a fifty day moving average price of GBX 134.32 and a 200-day moving average price of GBX 161.80.

About Robert Walters

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.