Robert Walters (LON:RWA) Stock Passes Below 200-Day Moving Average – Should You Sell?

Robert Walters plc (LON:RWA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 149.11 and traded as low as GBX 133.50. Robert Walters shares last traded at GBX 133.50, with a volume of 4,782 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Robert Walters from GBX 280 to GBX 250 and set a “buy” rating on the stock in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 250.

Robert Walters Price Performance

The company’s 50-day moving average is GBX 138.03 and its 200-day moving average is GBX 149.11. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.47 and a quick ratio of 1.52. The firm has a market capitalization of £87.81 million, a price-to-earnings ratio of -5.96, a PEG ratio of 0.08 and a beta of 1.22.

About Robert Walters

Established in 1985, Robert Walters is a global talent solutions business operating in 31 countries across the globe. We support organisations to build high-performing teams, and help professionals to grow meaningful careers. Our client base ranges from the world’s leading blue-chip corporates through to SMEs and start-ups.

We deliver three core services:

• Specialist recruitment – encompassing permanent and temporary recruitment, executive search and interim management.
• Recruitment outsourcing – enabling organisations to transfer all, or part of, their recruitment needs to us either through recruitment process outsourcing (RPO) or contingent workforce solutions (CWS).
• Talent Advisory – supporting the growth of organisations through market intelligence, talent development, and future of work consultancy.

Our employees are passionate about powering people and organisations to fulfil their unique potential.