Hays (LON:HAS) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Hays plc (LON:HAS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 38.80 and traded as high as GBX 61.06. Hays shares last traded at GBX 59.48, with a volume of 6,209,377 shares traded.

Analysts Set New Price Targets

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

Hays Trading Up 0.1%

The company’s 50-day moving average price is GBX 37.71 and its 200-day moving average price is GBX 38.94. The firm has a market capitalization of £916.08 million, a PE ratio of -88.41, a PEG ratio of 0.24 and a beta of 0.77. 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 declared that its Board of Directors has approved a share repurchase plan on Monday, June 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Hays

In other news, insider Mark Dearnley acquired 485,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of GBX 30 per share, with a total value of £145,650. Also, insider Joe Hurd bought 5,672 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of GBX 35 per share, with a total value of £1,985.20. Insiders acquired a total of 491,224 shares of company stock worth $14,765,184 over the last quarter. Company insiders own 0.81% of the company’s stock.

Hays Company Profile