Citigroup Issues Pessimistic Forecast for Hays (LON:HAS) Stock Price

Hays (LON:HAS) had its target price dropped by stock analysts at Citigroup from GBX 90 to GBX 75 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 133.11% from the stock’s previous close.

A number of other research firms have also issued reports on HAS. Deutsche Bank Aktiengesellschaft lowered their target price on Hays from GBX 100 to GBX 90 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 28 target price on shares of Hays in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hays presently has a consensus rating of “Hold” and an average target price of GBX 71.60.

Hays Price Performance

Shares of HAS opened at GBX 32.17 on Friday. The firm has a market capitalization of £514.41 million, a price-to-earnings ratio of -48.75, a price-to-earnings-growth ratio of 0.24 and a beta of 0.82. The company has a debt-to-equity ratio of 65.55, a quick ratio of 1.31 and a current ratio of 1.27. Hays has a one year low of GBX 28.68 and a one year high of GBX 77.50. The stock’s fifty day moving average is GBX 36.11 and its 200-day moving average is GBX 47.72.

Hays (LON:HAS) last released its earnings results on Friday, February 27th. The company reported GBX 0.46 earnings per share (EPS) for the quarter. Hays had a negative return on equity of 2.24% and a negative net margin of 0.16%. Equities analysts anticipate that Hays will post 4.0966184 EPS for the current year.

Insider Buying and Selling

In other news, insider Cheryl Millington bought 5,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 39 per share, with a total value of £1,950. Also, insider Michael Findlay bought 25,500 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of GBX 39 per share, for a total transaction of £9,945. Insiders have bought a total of 36,737 shares of company stock valued at $1,389,084 over the last three months. Company insiders own 0.76% of the company’s stock.

About Hays