Insider Buying: Hays (LON:HAS) Insider Buys 5,672 Shares of Stock

Hays plc (LON:HAS) insider Joe Hurd purchased 5,672 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of GBX 35 per share, for a total transaction of £1,985.20.

Hays Stock Up 1.2%

Hays stock traded up GBX 0.40 during trading hours on Wednesday, hitting GBX 35.08. The stock had a trading volume of 2,420,599 shares, compared to its average volume of 13,256,855. The stock’s 50-day moving average price is GBX 32.74 and its 200-day moving average price is GBX 42.24. The stock has a market capitalization of £560.93 million, a P/E ratio of -53.15, a price-to-earnings-growth ratio of 0.24 and a beta of 0.79. Hays plc has a 12-month low of GBX 28.68 and a 12-month high of GBX 74.10. The company has a quick ratio of 1.31, a current ratio of 1.27 and a debt-to-equity ratio of 65.55.

Hays announced that its Board of Directors has approved a stock repurchase plan on Monday, June 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on HAS. Citigroup reduced their price objective on Hays from GBX 90 to GBX 75 and set a “buy” rating for the company in a report on Friday, April 24th. Jefferies Financial Group restated an “underperform” rating and set a GBX 28 target price on shares of Hays in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 71.60.

Hays Company Profile