Robert Walters (LON:RWA) Shares Up 11.6% – Still a Buy?

Robert Walters plc (LON:RWA) shares shot up 11.6% on Tuesday . The stock traded as high as GBX 125 and last traded at GBX 125. Approximately 231,712 shares were traded during trading, an increase of 67% from the average session volume of 138,550 shares. The stock had previously closed at GBX 112.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 price target on shares of Robert Walters in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Robert Walters has a consensus rating of “Hold” and an average target price of GBX 100.

Robert Walters Trading Up 11.6%

The company has a debt-to-equity ratio of 89.82, a current ratio of 1.28 and a quick ratio of 1.52. The stock has a market capitalization of £82.22 million, a P/E ratio of -3.07, a PEG ratio of 0.08 and a beta of 0.80. The stock’s fifty day moving average price is GBX 90.74 and its 200 day moving average price is GBX 101.32.

Insider Activity

In other news, insider Andrew Rashbass purchased 21,739 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of GBX 92 per share, for a total transaction of £19,999.88. Also, insider Leslie Van de Walle acquired 30,000 shares of Robert Walters stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 94 per share, with a total value of £28,200. Corporate insiders own 3.90% of the company’s stock.

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.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.