Insider Selling: Hays (LON:HAS) Insider Sells 63,122 Shares of Stock

Hays plc (LON:HAS) insider James Hilton sold 63,122 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of GBX 67, for a total transaction of £42,291.74.

Hays Stock Down 0.8%

HAS traded down GBX 0.55 during trading on Tuesday, hitting GBX 66.85. 53,382,199 shares of the company’s stock were exchanged, compared to its average volume of 14,493,020. The company has a quick ratio of 1.31, a current ratio of 1.18 and a debt-to-equity ratio of 60.68. The business’s 50 day moving average is GBX 58.75 and its two-hundred day moving average is GBX 43.08. The stock has a market cap of £1.05 billion, a P/E ratio of -18.37, a PEG ratio of 0.24 and a beta of 0.77. Hays plc has a fifty-two week low of GBX 28.68 and a fifty-two week high of GBX 78.45.

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

Hays announced that its board has approved a share buyback plan on Monday, June 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HAS shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 28 price objective on shares of Hays in a research note on Friday, August 21st. UBS Group reissued a “neutral” rating and set a GBX 33 target price on shares of Hays in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada raised their price target on shares of Hays from GBX 60 to GBX 85 and gave the company an “outperform” rating in a report on Monday, August 24th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 62.20.

About Hays