Key Points
- Insider James Hilton sold 63,122 Hays shares at an average price of GBX 67, for total proceeds of £42,291.74.
- Hays shares opened at GBX 66.85 and remain well above their 50-day and 200-day moving averages, but the company reported a quarterly loss of GBX 3.64 per share and negative net margins and return on equity.
- Analyst sentiment is mixed: Hays has an overall “Hold” rating with an average price target of GBX 62.20, ranging from Jefferies’ GBX 28 “underperform” target to RBC’s GBX 85 “outperform” target.
Hays plc (LON:HAS - Get Free Report) insider James Hilton sold 63,122 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of GBX 67, for a total value of £42,291.74.
Hays Trading Down 0.8%
Shares of HAS stock opened at GBX 66.85 on Wednesday. The firm's 50-day simple moving average is GBX 59.46 and its 200-day simple moving average is 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 plc has a 1-year low of GBX 28.68 and a 1-year high of GBX 78.45. The firm has a market cap of £1.05 billion, a P/E ratio of -18.37, a PEG ratio of 0.24 and a beta of 0.77.
Hays (LON:HAS - Get Free Report) 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 net margin of 0.91% and a negative return on equity of 13.31%. As a group, equities analysts forecast that Hays plc will post 4.0966184 EPS for the current year.
Hays declared that its board has approved a stock repurchase plan on Monday, June 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 28 target price on shares of Hays in a research note on Friday, August 21st. Royal Bank Of Canada boosted their price target on Hays from GBX 60 to GBX 85 and gave the stock an "outperform" rating in a research report on Monday, August 24th. Finally, UBS Group reissued a "neutral" rating and set a GBX 33 price target on shares of Hays in a research report on Friday, July 3rd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 62.20.
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