Hays (LON:HAS) Price Target Lowered to GBX 90 at Citigroup

Key Points

• Citigroup has lowered Hays' price target from GBX 110 to GBX 90, indicating a potential upside of 45.28% from its previous close while maintaining a "buy" rating on the stock.
• The average target price from several analysts now stands at GBX 92.50, with three analysts rating the stock as a "buy" and one as a "hold."
• Hays has recently reported a negative net margin of 0.07% and a negative return on equity of 0.84% for the quarter ending August 21st.

Hays (LON:HAS - Get Free Report) had its target price dropped by investment analysts at Citigroup from GBX 110 to GBX 90 in a report released on Thursday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective suggests a potential upside of 45.28% from the company's previous close.

Several other equities research analysts have also recently issued reports on HAS. Royal Bank Of Canada cut their price objective on shares of Hays from GBX 100 to GBX 95 and set an "outperform" rating for the company in a research report on Friday, August 22nd. UBS Group reiterated a "neutral" rating and set a GBX 70 price target on shares of Hays in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 92.50.

Hays Stock Performance

LON:HAS opened at GBX 61.95 on Thursday. The company's 50-day moving average price is GBX 65.13 and its 200-day moving average price is GBX 70.60. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 43.81. The company has a market cap of £976.98 million, a P/E ratio of -198.73, a P/E/G ratio of 0.24 and a beta of 1.13. Hays has a twelve month low of GBX 55.70 and a twelve month high of GBX 96.60.

Hays (LON:HAS - Get Free Report) last released 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 net margin of 0.07% and a negative return on equity of 0.84%. On average, sell-side analysts forecast that Hays will post 4.0966184 earnings per share for the current fiscal year.

Insider Activity at Hays

In other news, insider Joe Hurd purchased 1,923 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average price of GBX 64 per share, for a total transaction of £1,230.72. Also, insider Michael Findlay purchased 34,382 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was purchased at an average price of GBX 58 per share, with a total value of £19,941.56. Over the last quarter, insiders acquired 199,720 shares of company stock worth $12,442,128. Corporate insiders own 0.54% of the company's stock.

Hays Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.