Robert Walters (LON:RWA) Shares Up 12.9% – Here’s Why

Robert Walters plc (LON:RWA)’s stock price shot up 12.9% during trading on Tuesday . The company traded as high as GBX 133 and last traded at GBX 131. 136,692 shares were traded during mid-day trading, a decline of 20% from the average session volume of 171,152 shares. The stock had previously closed at GBX 116.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Robert Walters from GBX 350 to GBX 280 and set a “buy” rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 280.

Robert Walters Trading Up 11.2%

The company’s 50 day simple moving average is GBX 134.32 and its two-hundred day simple moving average is GBX 161.80. The company has a market capitalization of £84.85 million, a price-to-earnings ratio of -5.76, a P/E/G ratio of 0.08 and a beta of 1.22. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 64.28.

Robert Walters Company Profile

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.