Hays (LON:HAS) Price Target Raised to GBX 95

Hays (LON:HAS) had its target price lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 60 to GBX 95 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 41.90% from the stock’s previous close.

HAS has been the subject of a number of other research reports. 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. UBS Group restated a “neutral” rating and issued a GBX 33 target price on shares of Hays in a report on Friday, July 3rd. Finally, Royal Bank Of Canada boosted their target price on Hays from GBX 60 to GBX 85 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 63.20.

Hays Stock Up 0.8%

HAS stock opened at GBX 66.95 on Wednesday. Hays has a 12 month low of GBX 28.68 and a 12 month high of GBX 78.45. The firm has a market cap of £1.05 billion, a PE ratio of -18.39, a P/E/G ratio of 0.24 and a beta of 0.77. The firm has a 50 day simple moving average of GBX 59.46 and a 200 day simple moving average of GBX 43.23. The company has a debt-to-equity ratio of 60.68, a current ratio of 1.18 and a quick ratio of 1.31.

Hays (LON:HAS) last issued its 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%. Equities research analysts forecast that Hays will post 4.0966184 earnings per share for the current fiscal year.

Hays declared that its Board of Directors has approved a stock repurchase program 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 programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Hays

In other news, insider James Hilton sold 63,122 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of GBX 67, for a total transaction of £42,291.74. 0.81% of the stock is currently owned by company insiders.

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