Hays (LON:HAS) Stock Price Expected to Rise, Citigroup Analyst Says

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

HAS has been the topic of several other reports. Royal Bank Of Canada lifted their target price on shares of Hays from GBX 60 to GBX 85 and gave the stock an “outperform” rating in a research report on Monday, August 24th. UBS Group restated a “neutral” rating and issued a GBX 33 price target on shares of Hays in a research 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 stock a “buy” rating in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 28 price objective on shares of Hays in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 61.20.

Hays Trading Up 2.4%

Shares of LON HAS opened at GBX 64.50 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.18 and a debt-to-equity ratio of 60.68. Hays has a 12 month low of GBX 28.68 and a 12 month high of GBX 78.45. The company 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. 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 quarterly 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%. Sell-side analysts predict that Hays will post 4.0966184 EPS for the current year.

Hays announced that its Board of Directors has initiated a stock repurchase program on Monday, June 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

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

Hays Company Profile