BlackRock Adjusts Voting Rights in Hays plc

The latest update is out from Hays plc ( (GB:HAS) ).

Hays plc has announced that BlackRock, Inc., a major shareholder, has adjusted its voting rights holdings in the company, now holding below 5% of the total voting rights. This change in BlackRock’s stake could influence Hays’ shareholder dynamics and potentially impact its strategic decisions, given BlackRock’s significant role in global investment management.

The most recent analyst rating on (GB:HAS) stock is a Hold with a £1.15 price target. To see the full list of analyst forecasts on Hays plc stock, see the GB:HAS Stock Forecast page.

Spark’s Take on GB:HAS Stock

According to Spark, TipRanks’ AI Analyst, GB:HAS is a Neutral.

Hays plc receives a score of 64, reflecting a stable but challenging financial position with declining revenue and profitability. The technical analysis suggests a neutral to slight positive short-term trend, while valuation struggles with a negative P/E but is partially offset by a solid dividend yield. The confidence shown by insiders through share purchases is a positive signal, though the decline in net fees remains a concern.

To see Spark’s full report on GB:HAS stock, click here.

More about Hays plc

Hays plc is a leading UK-based recruitment company, specializing in providing workforce solutions and staffing services across various industries. The company focuses on connecting skilled professionals with employers, catering to a wide range of sectors including IT, finance, engineering, and healthcare.

Average Trading Volume: 3,815,854

Technical Sentiment Signal: Sell

Current Market Cap: £1.12B

For an in-depth examination of HAS stock, go to TipRanks’ Stock Analysis page.