Hays (LON:HAS) Given New GBX 95 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised Hays’ price target to GBX 95 from GBX 60 and maintained a “buy” rating, implying 41.9% upside from the previous close.
• Analyst sentiment is mixed: Hays has an average “hold” rating and average price target of GBX 63.20, with targets ranging from GBX 28 to GBX 95.
• Hays reported a quarterly loss of GBX 3.64 per share, alongside a negative 13.31% return on equity and negative 0.91% net margin. Insider James Hilton also sold 63,122 shares at GBX 67 each.

Hays (LON:HAS - Get Free Report) had its target price boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 60 to GBX 95 in a note issued to investors on Wednesday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 41.90% from the company's previous close.

Several other equities analysts have also commented on HAS. UBS Group reaffirmed a "neutral" rating and set a GBX 33 target price on shares of Hays in a report on Friday, July 3rd. Jefferies Financial Group restated an "underperform" rating and set a GBX 28 price objective on shares of Hays in a research note on Friday, August 21st. Finally, Royal Bank Of Canada raised their target price on Hays from GBX 60 to GBX 85 and gave the company an "outperform" rating in a research note on Monday, August 24th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 63.20.

Hays Stock Performance

Hays stock opened at GBX 66.95 on Wednesday. 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 has a 12 month low of GBX 28.68 and a 12 month high of GBX 78.45. The company has a fifty day moving average price of GBX 59.46 and a two-hundred day moving average price of GBX 43.23. The company 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.

Hays (LON:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported GBX (3.64) earnings per share (EPS) for the quarter. Hays had a negative return on equity of 13.31% and a negative net margin of 0.91%. Research analysts expect that Hays will post 4.0966184 earnings per share for the current year.

Hays announced that its board has authorized a share buyback plan on Monday, June 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Activity

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 stock was sold at an average price of GBX 67, for a total transaction of £42,291.74. Corporate insiders own 0.81% of the company's stock.

Hays Company Profile

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