Joe Hurd Purchases 5,672 Shares of Hays (LON:HAS) Stock

Hays plc (LON:HAS) insider Joe Hurd acquired 5,672 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was bought at an average price of GBX 35 per share, for a total transaction of £1,985.20.

Hays Trading Up 1.2%

Shares of LON:HAS traded up GBX 0.40 during trading on Wednesday, reaching GBX 35.08. 2,420,599 shares of the company traded hands, compared to its average volume of 13,256,855. The firm has a market capitalization of £560.93 million, a price-to-earnings ratio of -53.15, a P/E/G ratio of 0.24 and a beta of 0.79. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 65.55. The business’s fifty day moving average is GBX 32.74 and its 200-day moving average is GBX 42.24. Hays plc has a 52-week low of GBX 28.68 and a 52-week high of GBX 74.10.

Hays declared that its Board of Directors has approved a share repurchase plan on Monday, June 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 28 target price on shares of Hays in a research report on Thursday, May 21st. Citigroup reduced their price target on Hays from GBX 90 to GBX 75 and set a “buy” rating on the stock in a research note on Friday, April 24th. Three 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 MarketBeat.com, Hays presently has a consensus rating of “Hold” and a consensus price target of GBX 71.60.

Hays Company Profile