Hays plc (HAS) Trading Up 1.7% Following Analyst Upgrade
Hays plc (LON:HAS) shares were up 1.7% during trading on Tuesday after Kepler Capital Markets raised their price target on the stock from GBX 163 to GBX 190. Kepler Capital Markets currently has a hold rating on the stock. Hays plc traded as high as GBX 189.90 ($2.56) and last traded at GBX 189.70 ($2.56). Approximately 3,703,366 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 2,836,900 shares. The stock had previously closed at GBX 186.50 ($2.51).
A number of other research analysts have also commented on the stock. Morgan Stanley decreased their price target on shares of Hays plc from GBX 157 ($2.12) to GBX 149 ($2.01) and set an “underweight” rating on the stock in a research note on Tuesday, July 4th. Barclays PLC reiterated an “equal weight” rating on shares of Hays plc in a research note on Wednesday, July 19th. BNP Paribas lowered shares of Hays plc to a “neutral” rating and set a GBX 175 ($2.36) price target on the stock. in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 165 ($2.22) price target on shares of Hays plc in a research note on Monday, July 17th. Finally, Liberum Capital restated a “buy” rating and set a GBX 180 ($2.43) target price on shares of Hays plc in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Hays plc has a consensus rating of “Hold” and a consensus price target of GBX 166.85 ($2.25).
In related news, insider Doug Evans sold 31,220 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of GBX 185 ($2.49), for a total value of £57,757 ($77,871.11).
The company’s market capitalization is GBX 2.74 billion. The company’s 50-day moving average is GBX 175.68 and its 200 day moving average is GBX 168.14.
The company also recently disclosed a dividend, which will be paid on Friday, November 17th. Investors of record on Thursday, October 5th will be paid a dividend of GBX 6.51 ($0.09) per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 3.55%. This is a boost from Hays plc’s previous dividend of $0.96.
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Hays plc Company Profile
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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