Hays (HAS) Upgraded by HSBC to Buy

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HSBC upgraded shares of Hays (LON:HAS) to a buy rating in a research note issued to investors on Monday. HSBC currently has GBX 190 ($2.48) price target on the stock, down from their previous price target of GBX 205 ($2.68).

Several other research firms have also commented on HAS. Morgan Stanley lowered their price target on Hays from GBX 235 ($3.07) to GBX 220 ($2.87) and set an overweight rating for the company in a research report on Wednesday, October 17th. UBS Group lowered their price target on Hays from GBX 210 ($2.74) to GBX 170 ($2.22) and set a buy rating for the company in a research report on Thursday, October 25th. Kepler Capital Markets lowered their price target on Hays from GBX 205 ($2.68) to GBX 170 ($2.22) and set a hold rating for the company in a research report on Monday, October 15th. Liberum Capital restated a buy rating on shares of Hays in a research report on Thursday, October 11th. Finally, Credit Suisse Group lowered their price target on Hays from GBX 210 ($2.74) to GBX 170 ($2.22) and set a neutral rating for the company in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 188.01 ($2.46).

HAS stock opened at GBX 147.60 ($1.93) on Monday. Hays has a 52-week low of GBX 155 ($2.03) and a 52-week high of GBX 206.20 ($2.69).

In related news, insider Susan Murray bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was purchased at an average cost of GBX 164 ($2.14) per share, for a total transaction of £6,560 ($8,571.80). Also, insider Peter Williams bought 806 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was bought at an average price of GBX 142 ($1.86) per share, with a total value of £1,144.52 ($1,495.52).

About Hays

Hays plc operates as a recruitment company in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company offers permanent, temporary, and contractor recruitment services, such as qualified, professional, and skilled recruitment to public and private sector. It specializes in offering recruitment services in the areas of accountancy and finance, construction and property, information technology, life sciences, sales and marketing, banking and capital markets, contact centers, education, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, office professionals, energy, oil and gas, purchasing, retail, resources and mining, and telecoms.

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