Robert Walters (LON:RWA) Stock Price Down 9.7% Following Analyst Downgrade

Key Points

• Shares of Robert Walters plc fell by 9.7%, trading at GBX 143.50 ($1.90) after a substantial increase in trading volume compared to the average session.
• Deutsche Bank has lowered its price target for Robert Walters from GBX 400 ($5.28) to GBX 350 ($4.62) while maintaining a "buy" rating on the stock.
• The company reported a net margin of 0.58% with earnings of GBX (17) (($0.22)) EPS for the last quarter, highlighting challenges in financial performance.

Shares of Robert Walters plc (LON:RWA - Get Free Report) fell 9.7% during trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 350 to GBX 280. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Robert Walters traded as low as GBX 142.50 ($1.89) and last traded at GBX 143.50 ($1.91). 3,221,307 shares changed hands during trading, an increase of 2,152% from the average session volume of 143,030 shares. The stock had previously closed at GBX 159 ($2.11).

Robert Walters Price Performance

The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.52 and a current ratio of 1.47. The company has a market cap of £97.40 million, a price-to-earnings ratio of 15.75, a PEG ratio of 0.08 and a beta of 1.22. The business has a fifty day moving average price of GBX 186.57 and a 200 day moving average price of GBX 226.75.

Robert Walters (LON:RWA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX (17) (($0.23)) earnings per share for the quarter. Robert Walters had a net margin of 0.58% and a return on equity of 3.65%. As a group, research analysts anticipate that Robert Walters plc will post 61.5448447 earnings per share 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.