Deutsche Bank AG Increases Hays plc (HAS) Price Target to GBX 120
Hays plc (LON:HAS) had its price target lifted by analysts at Deutsche Bank AG from GBX 105 ($1.28) to GBX 120 ($1.46) in a research note issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 13.85% from the company’s current price.
Several other equities analysts have also commented on HAS. Citigroup Inc. upped their target price on Hays plc from GBX 135 ($1.65) to GBX 137 ($1.67) and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Hays plc from GBX 110 ($1.34) to GBX 130 ($1.58) and gave the company a “neutral” rating in a research note on Wednesday. Credit Suisse Group AG lowered Hays plc to an “underperform” rating and dropped their target price for the company from GBX 150 ($1.83) to GBX 100 ($1.22) in a research note on Thursday, June 30th. Numis Securities Ltd lowered Hays plc to an “add” rating and dropped their target price for the company from GBX 155 ($1.89) to GBX 110 ($1.34) in a research note on Wednesday, July 6th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 140 ($1.71) target price on shares of Hays plc in a research note on Monday, June 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 140.06 ($1.71).
Hays plc (LON:HAS) opened at 141.70 on Wednesday. The stock’s market cap is GBX 2.03 billion. The stock has a 50 day moving average price of GBX 133.22 and a 200 day moving average price of GBX 125.43. Hays plc has a 52 week low of GBX 91.10 and a 52 week high of GBX 151.00.
The firm also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 13th will be issued a GBX 1.99 ($0.02) dividend. The ex-dividend date is Thursday, October 13th. This represents a yield of 1.53%. This is an increase from Hays plc’s previous dividend of $0.91.
In related news, insider Venables,Paul sold 106,238 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of GBX 133 ($1.62), for a total value of £141,296.54 ($172,207.85).
About Hays plc
Hays plc is a United Kingdom-based recruitment company engaged in the provision of specialist recruitment activities. The Company’s geographical segments include: Asia Pacific, Continental Europe & Rest of World, and United Kingdom & Ireland. The Company operates worldwide in 20 specialism, including accounting and finance, construction and property, information and technology (IT), sales and marketing, education, engineering and manufacturing, health and social care, legal, financial services, retail, executive, life sciences and human resources.
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