Robert Walters (LON:RWA) Shares Down 9.7% - Here's Why

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) traded down 9.7% on Thursday . The company traded as low as GBX 142.50 ($1.88) and last traded at GBX 143.50 ($1.90). 3,221,307 shares were traded during trading, an increase of 2,152% from the average session volume of 143,030 shares. The stock had previously closed at GBX 159 ($2.10).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Robert Walters from GBX 400 ($5.28) to GBX 350 ($4.62) and set a "buy" rating on the stock in a research report on Tuesday, July 15th.

Robert Walters Stock Performance

The firm has a market cap of £102.39 million, a price-to-earnings ratio of 16.56, a PEG ratio of 0.08 and a beta of 1.22. 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 company has a 50 day moving average of GBX 189.48 and a 200 day moving average of GBX 230.09.

Robert Walters (LON:RWA - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX (17) (($0.22)) EPS for the quarter. Robert Walters had a net margin of 0.58% and a return on equity of 3.65%. As a group, equities research analysts expect that Robert Walters plc will post 61.5448447 EPS for the current fiscal year.

Robert Walters Company Profile

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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