Hays (LON:HAS) Earns “Neutral” Rating from UBS Group

Hays (LON:HAS)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 33 price target on the stock. UBS Group’s price objective would indicate a potential downside of 2.15% from the stock’s current price.

Other research analysts have also issued reports about the stock. Citigroup decreased their target price on shares of Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 28 price target on shares of Hays in a report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hays currently has an average rating of “Hold” and a consensus price target of GBX 64.20.

Hays Stock Performance

HAS opened at GBX 33.73 on Friday. The firm has a market capitalization of £539.27 million, a PE ratio of -51.10, a PEG ratio of 0.24 and a beta of 0.77. Hays has a twelve month low of GBX 28.68 and a twelve month high of GBX 68.55. The firm’s 50-day moving average price is GBX 33.24 and its 200 day moving average price is GBX 39.71. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 65.55.

Hays declared that its Board of Directors has approved a share repurchase program on Monday, June 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Mark Dearnley purchased 485,500 shares of Hays stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of GBX 30 per share, with a total value of £145,650. Also, insider Joe Hurd acquired 5,672 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of GBX 35 per share, for a total transaction of £1,985.20. Insiders acquired a total of 491,224 shares of company stock worth $14,765,184 over the last quarter. 0.76% of the stock is currently owned by company insiders.

Hays Company Profile