Hays plc (HAS) Trading 1.4% Higher on Analyst Upgrade
Shares of Hays plc (LON:HAS) traded up 1.4% on Wednesday after Jefferies Group raised their price target on the stock from GBX 145 to GBX 195. Jefferies Group currently has a hold rating on the stock. Hays plc traded as high as GBX 199.90 ($2.65) and last traded at GBX 193.70 ($2.57). 6,477,357 shares changed hands during mid-day trading, an increase of 85% from the average session volume of 3,496,830 shares. The stock had previously closed at GBX 191 ($2.53).
HAS has been the topic of a number of other reports. Liberum Capital reiterated a “buy” rating and issued a GBX 180 ($2.39) price target on shares of Hays plc in a research report on Friday, July 14th. Barclays PLC reiterated an “equal weight” rating on shares of Hays plc in a research report on Wednesday, July 19th. Royal Bank Of Canada upped their price target on Hays plc from GBX 160 ($2.12) to GBX 180 ($2.39) and gave the company a “sector performer” rating in a research report on Tuesday. Morgan Stanley lowered their price target on Hays plc from GBX 157 ($2.08) to GBX 149 ($1.98) and set an “underweight” rating on the stock in a research report on Tuesday, July 4th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 175 ($2.32) price target on shares of Hays plc in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 171.36 ($2.27).
In other news, insider Doug Evans sold 31,220 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of GBX 185 ($2.45), for a total transaction of £57,757 ($76,610.96).
The stock’s market cap is GBX 2.79 billion. The stock’s 50-day moving average is GBX 182.71 and its 200 day moving average is GBX 170.66.
The firm also recently declared a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 5th will be paid a GBX 6.51 ($0.09) dividend. This is a positive change from Hays plc’s previous dividend of $0.96. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 3.55%.
About Hays plc
Hays plc is a recruitment company. The Company’s segments include Asia Pacific; Continental Europe & Rest of World, and United Kingdom & Ireland. The Company offers temporary and permanent recruitment services to private and public sector markets. It operates in over 30 countries and approximately 20 specialisms.
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