Royal Bank Of Canada Reiterates Outperform Rating for Hays (LON:HAS)

Key Points

• Royal Bank of Canada has reissued an **"outperform" rating** for Hays (LON:HAS) amidst varying opinions from other research firms.
• Hays stock is trading at **GBX 58.95**, with a significant fluctuation ranging from a **52-week low of GBX 52.80** to a high of **GBX 89.85**.
• Insider transactions indicate confidence in the company, with insiders acquiring **529,338 shares worth approximately $33 million** over the last ninety days.

Hays (LON:HAS - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Royal Bank Of Canada in a report released on Monday, MarketBeat reports.

A number of other research analysts have also recently issued reports on HAS. Citigroup reduced their price objective on Hays from GBX 110 to GBX 90 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Jefferies Financial Group reduced their price objective on Hays from GBX 85 to GBX 61 and set a "hold" rating on the stock in a research note on Thursday, September 11th. Finally, UBS Group reaffirmed a "neutral" rating and set a GBX 70 price objective on shares of Hays in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Hays presently has an average rating of "Moderate Buy" and a consensus price target of GBX 79.

Hays Price Performance

Shares of HAS stock traded up GBX 0.35 on Monday, reaching GBX 58.40. The company's stock had a trading volume of 3,551,444 shares, compared to its average volume of 5,893,969. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 43.81. Hays has a 12-month low of GBX 52.80 and a 12-month high of GBX 89.85. The company has a market capitalization of £933.32 million, a P/E ratio of -11,918.37, a PEG ratio of 0.24 and a beta of 1.13. The stock's 50 day simple moving average is GBX 59.57 and its 200-day simple moving average is GBX 66.22.

Hays (LON:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported GBX 1.31 earnings per share (EPS) for the quarter. Hays had a negative return on equity of 0.84% and a negative net margin of 0.07%. As a group, equities analysts predict that Hays will post 4.0966184 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dirk Hahn sold 55,133 shares of Hays stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of GBX 58, for a total transaction of £31,977.14. Also, insider Joe Hurd bought 1,923 shares of the stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of GBX 64 per share, with a total value of £1,230.72. Insiders purchased 529,338 shares of company stock worth $33,015,972 over the last three months. Company insiders own 1.05% of the company's stock.

Hays Company Profile