Hays plc (HAS) Upgraded by HSBC to Buy
Hays plc (LON:HAS) was upgraded by stock analysts at HSBC to a “buy” rating in a report released on Monday. The firm currently has a GBX 150 ($1.87) price objective on the stock, up from their previous price objective of GBX 110 ($1.37). HSBC’s price target suggests a potential upside of 8.54% from the stock’s current price.
Other analysts also recently issued reports about the stock. Liberum Capital reissued a “buy” rating and set a GBX 145 ($1.81) price target on shares of Hays plc in a report on Friday, October 14th. Numis Securities Ltd downgraded shares of Hays plc to a “hold” rating and increased their price target for the stock from GBX 110 ($1.37) to GBX 130 ($1.62) in a report on Friday, September 2nd. Jefferies Group increased their price target on shares of Hays plc from GBX 120 ($1.50) to GBX 140 ($1.75) and gave the stock a “hold” rating in a report on Friday, October 7th. Citigroup Inc. increased their price target on shares of Hays plc from GBX 135 ($1.69) to GBX 137 ($1.71) and gave the stock a “neutral” rating in a report on Tuesday, October 18th. Finally, Credit Suisse Group AG raised shares of Hays plc to a “neutral” rating and increased their price target for the stock from GBX 100 ($1.25) to GBX 125 ($1.56) in a report on Friday, September 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 140.38 ($1.75).
Hays plc (LON:HAS) opened at 140.50 on Monday. The stock’s market capitalization is GBX 2.01 billion. Hays plc has a 1-year low of GBX 91.10 and a 1-year high of GBX 151.00. The company’s 50 day moving average is GBX 138.10 and its 200-day moving average is GBX 127.44.
The business also recently announced a dividend, which was paid on Friday, November 11th. Shareholders of record on Thursday, October 13th were paid a dividend of GBX 1.99 ($0.02) per share. This represents a yield of 1.53%. The ex-dividend date of this dividend was Thursday, October 13th. This is a positive change from Hays plc’s previous dividend of $0.91.
In other Hays plc news, insider Venables,Paul sold 321,615 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of GBX 132 ($1.65), for a total transaction of £424,531.80 ($530,399.55).
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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