Hays (HAS)

Sector:

Support

Index:

FTSE 250

149.30p
   
  • Change Today:
      2.40p
  • 52 Week High: 176.70
  • 52 Week Low: 130.20
  • Currency: UK Pounds
  • Shares Issued: 1,676.17m
  • Volume: 1,216,082
  • Market Cap: £2,502.52m
  • RiskGrade: 145
  • Beta: 1.12

Market underestimating Hays growth potential, says Barclays

By Michele Maatouk

Date: Thursday 09 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Barclays upgraded shares of Hays to 'overweight' from 'equalweight' on Thursday and hiked the price target to 195p from 120p as it argued the market is underestimating the recruiter's growth potential.
The bank said that data from Revelio Labs shows high demand for new digital/IT roles across multiple sectors, which helps drive its forecasts around 10% ahead of Bloomberg consensus in FY23.

It also said that SG&A cost savings imply conversion margins of more than 250 basis points higher longer term, and the pandemic has created productivity improvements for net fee per head that can persist.

Barclays said it sees potential for cash returns worth more than 25% of the current market cap over the next five years, giving the shares a total dividend yield of about 5%.

The bank sees further upside to the target price if management can reiterate pre-pandemic growth ambitions, implying earnings more than 25% ahead of Barclays' outer year estimates.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hays Market Data

Currency UK Pounds
Share Price 149.30p
Change Today 2.40p
% Change 1.63 %
52 Week High 176.70
52 Week Low 130.20
Volume 1,216,082
Shares Issued 1,676.17m
Market Cap £2,502.52m
Beta 1.12
RiskGrade 145

Hays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average29.58% below the market average
18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average
Price Trend
41.78% below the market average41.78% below the market average41.78% below the market average41.78% below the market average41.78% below the market average
52.21% below the sector average52.21% below the sector average52.21% below the sector average52.21% below the sector average52.21% below the sector average
Income
33.72% below the market average33.72% below the market average33.72% below the market average33.72% below the market average33.72% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average
Growth
57.12% below the market average57.12% below the market average57.12% below the market average57.12% below the market average57.12% below the market average
39.62% below the sector average39.62% below the sector average39.62% below the sector average39.62% below the sector average39.62% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hays Dividends

  Latest Previous
  Special Interim
Ex-Div 30-Sep-21 30-Sep-21
Paid 12-Nov-21 12-Nov-21
Amount 8.93p 1.22p

Trades for 29-Nov-2021

Time Volume / Share Price
14:06 1,250 @ 149.30p
14:06 1,360 @ 149.30p
14:06 1,909 @ 149.20p
14:06 440 @ 149.20p
14:06 3,881 @ 149.20p

Hays Key Personnel

CEO Alistair R Cox

Top of Page