Hays’ (HAS) Underperform Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their underperform rating on shares of Hays (LON:HAS) in a report published on Friday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 28 target price on the stock.

A number of other equities analysts have also weighed in on HAS. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 60 target price on shares of Hays in a research note on Tuesday, July 14th. Citigroup dropped their price target on Hays from GBX 90 to GBX 75 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, UBS Group reissued a “neutral” rating and set a GBX 33 price objective on shares of Hays in a report on Friday, July 3rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hays currently has an average rating of “Hold” and an average price target of GBX 57.20.

Hays Stock Performance

Hays stock opened at GBX 67.14 on Friday. The stock has a market cap of £1.05 billion, a P/E ratio of -101.73, a PEG ratio of 0.24 and a beta of 0.77. Hays has a fifty-two week low of GBX 28.68 and a fifty-two week high of GBX 72.83. The firm’s fifty day moving average price is GBX 50.17 and its 200-day moving average price is GBX 41.10. The company has a debt-to-equity ratio of 60.68, a quick ratio of 1.31 and a current ratio of 1.18.

Hays (LON:HAS) last issued its quarterly earnings data on Thursday, August 20th. The company reported GBX (3.64) earnings per share (EPS) for the quarter. Hays had a negative return on equity of 13.31% and a negative net margin of 0.91%. Equities research analysts forecast that Hays will post 4.0966184 earnings per share for the current fiscal year.

Hays declared that its board has initiated a stock repurchase program on Monday, June 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Joe Hurd purchased 5,672 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average cost of GBX 35 per share, with a total value of £1,985.20. 0.81% of the stock is owned by company insiders.

Hays Company Profile