Robert Walters (LON:RWA) Trading Up 11.2% – Here’s Why

Robert Walters plc (LON:RWA)’s share price was up 11.2% on Tuesday . The stock traded as high as GBX 133 and last traded at GBX 129. Approximately 139,246 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 171,163 shares. The stock had previously closed at GBX 116.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Robert Walters from GBX 350 to GBX 280 and set a “buy” rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 280.

Robert Walters Trading Up 11.2%

The business’s 50-day simple moving average is GBX 134.20 and its two-hundred day simple moving average is GBX 161.06. The firm has a market capitalization of £84.85 million, a price-to-earnings ratio of -5.76, 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.

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.