Robert Walters (LON:RWA) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Robert Walters plc shares have fallen below their 200-day moving average, dropping to GBX 122.50 ($1.65).
• Deutsche Bank has lowered its price target for the stock from GBX 350 to GBX 280, while maintaining a "buy" rating.
• The company's most recent quarterly earnings reported an EPS of GBX (17) and average forecasts predict an EPS of approximately 61.54 for the current year.

Robert Walters plc (LON:RWA - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 188.03 ($2.53) and traded as low as GBX 122.50 ($1.65). Robert Walters shares last traded at GBX 122.50 ($1.65), with a volume of 78,496 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Robert Walters from GBX 350 to GBX 280 and set a "buy" rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 280.

Robert Walters Stock Up 2.2%

The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 64.28. The stock has a market cap of £82.31 million, a P/E ratio of -558.64, a P/E/G ratio of 0.08 and a beta of 1.22. The company has a 50-day simple moving average of GBX 144.20 and a two-hundred day simple moving average of GBX 188.03.

Robert Walters (LON:RWA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX (17) earnings per share (EPS) for the quarter. Robert Walters had a net margin of 0.58% and a return on equity of 3.65%. On average, equities analysts forecast that Robert Walters plc will post 61.5448447 EPS for the current year.

About Robert Walters

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world's leading blue-chip corporates through to SMEs and start-ups.

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