Hays (HAS) Rating Lowered to Sell at Deutsche Bank
Hays (LON:HAS) was downgraded by Deutsche Bank to a “sell” rating in a research note issued to investors on Wednesday. They currently have a GBX 155 ($2.09) target price on the stock, down from their previous target price of GBX 165 ($2.22). Deutsche Bank’s target price suggests a potential downside of 12.48% from the company’s previous close.
A number of other research firms have also weighed in on HAS. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 165 ($2.22) price objective on shares of Hays in a research note on Friday, November 10th. Numis Securities reiterated a “hold” rating and set a GBX 180 ($2.42) price objective on shares of Hays in a research note on Friday, September 1st. Liberum Capital reiterated a “buy” rating and set a GBX 180 ($2.42) price objective on shares of Hays in a research note on Thursday, August 31st. Kepler Capital Markets lifted their price target on Hays from GBX 190 ($2.56) to GBX 195 ($2.62) and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, Jefferies Group lifted their price target on Hays from GBX 145 ($1.95) to GBX 195 ($2.62) and gave the company a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 173.62 ($2.34).
Shares of Hays (LON HAS) traded up GBX 2.20 ($0.03) during mid-day trading on Wednesday, reaching GBX 177.10 ($2.38). The company had a trading volume of 3,100,000 shares, compared to its average volume of 2,840,000. Hays has a one year low of GBX 142 ($1.91) and a one year high of GBX 199.90 ($2.69).
Hays plc is a recruitment company. The Company’s segments include Asia Pacific; Continental Europe & Rest of World, and United Kingdom & Ireland. The Company offers temporary and permanent recruitment services to private and public sector markets. It operates in over 30 countries and approximately 20 specialisms.
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