Hays (LON:HAS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Hays plc (LON:HASGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 39.35 and traded as high as GBX 61.75. Hays shares last traded at GBX 60.64, with a volume of 692,389,750 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a GBX 33 price objective on shares of Hays in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 28 price target on shares of Hays in a research note on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 60 price objective on shares of Hays in a report on Tuesday, July 14th. Finally, Citigroup decreased their price objective on Hays from GBX 90 to GBX 75 and set a “buy” rating for the company in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hays currently has an average rating of “Hold” and an average target price of GBX 57.20.

Get Our Latest Research Report on HAS

Hays Trading Up 5.8%

The company has a market cap of £1.04 billion, a P/E ratio of -99.92, a P/E/G ratio of 0.24 and a beta of 0.77. The business’s 50-day moving average price is GBX 43.57 and its 200 day moving average price is GBX 39.64. The company has a debt-to-equity ratio of 65.55, a quick ratio of 1.31 and a current ratio of 1.27.

Hays announced that its Board of Directors has initiated a stock buyback plan on Monday, June 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at Hays

In other Hays news, insider Mark Dearnley acquired 485,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of GBX 30 per share, for a total transaction of £145,650. Also, insider Joe Hurd bought 5,672 shares of Hays stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of GBX 35 per share, with a total value of £1,985.20. 0.81% of the stock is owned by corporate insiders.

Hays Company Profile

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Further Reading

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