Hays plc (HAS) Given New GBX 140 Price Target at Jefferies Group
Hays plc (LON:HAS) had its target price hoisted by stock analysts at Jefferies Group from GBX 120 ($1.57) to GBX 140 ($1.83) in a report released on Friday. The firm presently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential upside of 6.54% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Deutsche Bank AG cut shares of Hays plc to a “sell” rating and decreased their target price for the stock from GBX 150 ($1.96) to GBX 105 ($1.37) in a research note on Friday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Hays plc from GBX 105 ($1.37) to GBX 110 ($1.44) and gave the stock a “neutral” rating in a research note on Friday, July 15th. Credit Suisse Group AG cut shares of Hays plc to an “underperform” rating and decreased their target price for the stock from GBX 150 ($1.96) to GBX 100 ($1.31) in a research note on Thursday, June 30th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 135 ($1.76) target price on shares of Hays plc in a research note on Tuesday, September 13th. Finally, Numis Securities Ltd cut shares of Hays plc to an “add” rating and decreased their target price for the stock from GBX 155 ($2.02) to GBX 110 ($1.44) in a research note on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 138.47 ($1.81).
Shares of Hays plc (LON:HAS) traded down 2.74% during mid-day trading on Friday, reaching GBX 131.40. The company had a trading volume of 5,090,333 shares. Hays plc has a one year low of GBX 91.10 and a one year high of GBX 151.00. The firm’s market capitalization is GBX 1.88 billion. The stock has a 50 day moving average of GBX 131.69 and a 200-day moving average of GBX 124.64.
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The firm also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 13th will be issued a GBX 1.99 ($0.03) dividend. This represents a dividend yield of 1.53%. The ex-dividend date is Thursday, October 13th. This is a positive change from Hays plc’s previous dividend of $0.91.
In related news, insider Venables,Paul sold 321,615 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of GBX 132 ($1.72), for a total value of £424,531.80 ($554,146.72).
About Hays plc
Hays plc is a United Kingdom-based recruitment company engaged in the provision of specialist recruitment activities. The Company’s geographical segments include: Asia Pacific, Continental Europe & Rest of World, and United Kingdom & Ireland. The Company operates worldwide in 20 specialism, including accounting and finance, construction and property, information and technology (IT), sales and marketing, education, engineering and manufacturing, health and social care, legal, financial services, retail, executive, life sciences and human resources.
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