Hays (LON:HAS) Hits New 52-Week High – Here’s What Happened

Hays plc (LON:HASGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 67.45 and last traded at GBX 67.45, with a volume of 2197258 shares changing hands. The stock had previously closed at GBX 66.50.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 60 price objective on shares of Hays in a report on Tuesday, July 14th. Citigroup reduced their target price on shares of Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and set a GBX 33 price target on shares of Hays in a research note on Friday, July 3rd. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 28 price target on shares of Hays in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 57.20.

Check Out Our Latest Analysis on HAS

Hays Stock Up 0.1%

The firm has a 50 day moving average price of GBX 45.52 and a 200-day moving average price of GBX 40.02. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of -98.45, a price-to-earnings-growth ratio of 0.24 and a beta of 0.77. The company has a debt-to-equity ratio of 65.55, a current ratio of 1.27 and a quick ratio of 1.31.

Hays announced that its Board of Directors has authorized a stock buyback program on Monday, June 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Hays

In other Hays news, insider Joe Hurd bought 5,672 shares of Hays stock in a transaction dated Monday, June 8th. The shares were bought at an average price of GBX 35 per share, with a total value of £1,985.20. Insiders own 0.81% of the company’s stock.

Hays Company Profile

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Further Reading

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