Hays (LON:HAS) Sets New 52-Week Low – Should You Sell?

Hays plc (LON:HAS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 81.37 ($1.06) and last traded at GBX 82.25 ($1.07), with a volume of 982136 shares changing hands. The stock had previously closed at GBX 82.35 ($1.08).

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAS shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 115 ($1.50) target price on shares of Hays in a research note on Tuesday, September 3rd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 125 ($1.63) price objective on shares of Hays in a report on Friday, August 23rd.

Hays Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 43.81. The company has a 50 day simple moving average of GBX 91.02 and a 200-day simple moving average of GBX 94.90. The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 1,905.00, a PEG ratio of 0.24 and a beta of 1.13.

Hays Increases Dividend

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

Insider Buying and Selling

In related news, insider James Hilton sold 53,038 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of GBX 88 ($1.15), for a total transaction of £46,673.44 ($60,947.30). In related news, insider James Hilton sold 53,038 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of GBX 88 ($1.15), for a total transaction of £46,673.44 ($60,947.30). Also, insider Joe Hurd bought 2,208 shares of the company’s stock in a transaction on Monday, September 9th. The stock was bought at an average cost of GBX 90 ($1.18) per share, for a total transaction of £1,987.20 ($2,594.93). 0.54% of the stock is currently owned by company insiders.

Hays Company Profile

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.