Hays (LON:HAS) Earns Outperform Rating from Royal Bank Of Canada

Hays (LON:HAS)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 60 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 25.52% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citigroup dropped their price objective on shares of Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group reiterated a “neutral” rating and set a GBX 33 price objective on shares of Hays in a research report on Friday, July 3rd. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 28 target price on shares of Hays in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hays presently has a consensus rating of “Hold” and a consensus target price of GBX 57.20.

Hays Stock Down 2.0%

Shares of LON:HAS opened at GBX 47.80 on Tuesday. The company’s fifty day moving average is GBX 33.98 and its two-hundred day moving average is GBX 38.92. 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 has a 1-year low of GBX 28.68 and a 1-year high of GBX 68.10. The stock has a market capitalization of £750.45 million, a price-to-earnings ratio of -72.42, a price-to-earnings-growth ratio of 0.24 and a beta of 0.77.

Hays declared that its board has approved a stock buyback plan on Monday, June 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Hays

In related news, insider Joe Hurd purchased 5,672 shares of Hays stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of GBX 35 per share, with a total value of £1,985.20. Also, insider Mark Dearnley acquired 485,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of GBX 30 per share, with a total value of £145,650. Insiders have acquired a total of 491,224 shares of company stock worth $14,765,184 over the last 90 days. 0.81% of the stock is owned by insiders.

Hays Company Profile