Hays (LON:HAS) Sets New 12-Month Low – Time to Sell?

Shares of Hays plc (LON:HAS) hit a new 52-week low on Monday . The stock traded as low as GBX 78.75 ($1.02) and last traded at GBX 79 ($1.02), with a volume of 1850582 shares trading hands. The stock had previously closed at GBX 79.51 ($1.03).

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAS. Royal Bank of Canada restated an “outperform” rating and issued a GBX 125 ($1.62) target price on shares of Hays in a research note on Friday, August 23rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 115 ($1.49) target price on shares of Hays in a research note on Tuesday, September 3rd.

Hays Stock Down 2.6 %

The stock has a market capitalization of £1.23 billion, a price-to-earnings ratio of 1,905.00, a PEG ratio of 0.24 and a beta of 1.13. The firm’s fifty day moving average is GBX 89.17 and its 200-day moving average is GBX 94.11. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.32 and a quick ratio of 1.31.

Hays Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 17th will be issued a GBX 2.05 ($0.03) dividend. The ex-dividend date is Thursday, October 17th. This is a boost from Hays’s previous dividend of $0.95. This represents a yield of 2.16%.

Insider Activity at Hays

In related news, insider Joe Hurd purchased 2,208 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £1,987.20 ($2,577.10). In related news, insider Joe Hurd purchased 2,208 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £1,987.20 ($2,577.10). Also, insider James Hilton sold 53,038 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 88 ($1.14), for a total transaction of £46,673.44 ($60,528.39). 0.54% of the stock is currently owned by corporate insiders.

About Hays

Hays plc engages in the provision of recruitment services in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company provides qualified, professional, and skilled recruitment in permanent, temporary, and contractor formats to public and private sectors. It offers its recruitment services in the specialisms, such as accountancy and finance, banking and capital markets, construction and property, contact centers, education, energy, oil and gas, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, life sciences, office support, procurement, resources and mining, retail, sales and marketing, sustainability, technology, and telecoms.