Hays (LON:HAS) Stock Breaks Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

Hays plc (LON:HAS – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 45.95 and traded as high as GBX 64.18. Hays shares last traded at GBX 63.25, with a volume of 121,371,125 shares trading hands.

Analyst Upgrades and Downgrades

HAS has been the subject of several analyst reports. UBS Group restated a “neutral” rating and issued a GBX 33 target price on shares of Hays in a research note on Friday, July 3rd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 28 price target on shares of Hays in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hays from GBX 60 to GBX 95 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Citigroup boosted their price objective on shares of Hays from GBX 33 to GBX 65 and gave the company a “neutral” rating in a research note on Wednesday, September 23rd. Finally, Royal Bank Of Canada upped their target price on shares of Hays from GBX 60 to GBX 85 and gave the stock an “outperform” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 61.20.

Check Out Our Latest Research Report on HAS

Hays Price Performance

The stock has a market capitalization of £1.01 billion, a PE ratio of -17.66, a PEG ratio of 0.24 and a beta of 0.77. The business has a fifty day moving average price of GBX 66.40 and a 200-day moving average price of GBX 46.15. The company has a current ratio of 1.18, a quick ratio of 1.31 and a debt-to-equity ratio of 60.68.

Hays (LON:HAS – Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported GBX (3.64) earnings per share for the quarter. Hays had a negative net margin of 0.91% and a negative return on equity of 13.31%. Research analysts expect that Hays plc will post 4.0966184 EPS for the current fiscal year.

Insider Activity

In related news, insider James Hilton sold 63,122 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of GBX 67, for a total transaction of £42,291.74. 0.81% of the stock is owned by insiders.

Hays Company Profile

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