Key Points
- Hays insider buying: Director Joe Hurd purchased 5,672 shares of Hays on June 8 at an average price of GBX 35, totaling about £1,985.
- Shares moved higher: Hays stock was up 2.0% and opened at GBX 35.36, near the insider purchase price.
- Analyst sentiment remains cautious: The stock has a consensus rating of Hold with an average price target of GBX 71.60, while recent calls included an underperform rating from Jefferies and a lowered target from Citigroup.
Hays plc (LON:HAS - Get Free Report) insider Joe Hurd purchased 5,672 shares of the business's stock in a transaction on Monday, June 8th. The shares were bought at an average price of GBX 35 per share, for a total transaction of £1,985.20.
Hays Trading Up 2.0%
Shares of Hays stock opened at GBX 35.36 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 65.55. Hays plc has a 12-month low of GBX 28.68 and a 12-month high of GBX 74.10. The firm has a market capitalization of £565.41 million, a price-to-earnings ratio of -53.58, a PEG ratio of 0.24 and a beta of 0.79. The firm's 50 day simple moving average is GBX 32.78 and its two-hundred day simple moving average is GBX 42.11.
Hays declared that its Board of Directors has initiated a share buyback plan on Monday, June 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Jefferies Financial Group restated an "underperform" rating and set a GBX 28 price target on shares of Hays in a research note on Thursday, May 21st. 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 report on Friday, April 24th. 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 71.60.
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