Hays (LON:HAS) Given New GBX 75 Price Target at Citigroup

Hays (LON:HAS) had its price target cut by equities researchers at Citigroup from GBX 90 to GBX 75 in a research note issued to investors on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 133.11% from the stock’s current price.

Several other research firms also recently weighed in on HAS. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 28 target price on shares of Hays in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hays from GBX 100 to GBX 90 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 71.60.

Hays Stock Performance

Shares of HAS stock traded down GBX 0.17 on Friday, hitting GBX 32.17. The company had a trading volume of 2,731,833 shares, compared to its average volume of 11,989,509. The company has a quick ratio of 1.31, a current ratio of 1.27 and a debt-to-equity ratio of 65.55. The firm has a market cap of £514.41 million, a P/E ratio of -48.75, a price-to-earnings-growth ratio of 0.24 and a beta of 0.82. The company has a 50-day moving average price of GBX 36.40 and a 200-day moving average price of GBX 47.96. Hays has a twelve month low of GBX 28.68 and a twelve month high of GBX 77.50.

Hays (LON:HAS) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 0.46 earnings per share for the quarter. Hays had a negative net margin of 0.16% and a negative return on equity of 2.24%. As a group, equities research analysts predict that Hays will post 4.0966184 earnings per share for the current fiscal year.

Insider Activity at Hays

In other Hays news, insider Michael Findlay acquired 25,500 shares of the stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of GBX 39 per share, for a total transaction of £9,945. Also, insider Helen Cunningham acquired 6,237 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of GBX 32 per share, for a total transaction of £1,995.84. Over the last 90 days, insiders acquired 36,737 shares of company stock valued at $1,389,084. Insiders own 0.76% of the company’s stock.

About Hays