Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hays plc ( (GB:HAS) ) has issued an announcement.
Hays plc anticipates a pre-exceptional operating profit of approximately £45 million for FY25, largely due to challenging conditions in the permanent recruitment markets. The company reports a 9% year-on-year decline in group net fees for Q4, with significant drops in permanent and temporary recruitment. Regional performance varies, with Germany and the UK experiencing notable declines, while North America shows some growth. Despite these challenges, Hays remains committed to its strategic initiatives aimed at improving net fee productivity and back-office efficiency, which are expected to drive profit recovery when market conditions improve.
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 is facing significant challenges, primarily due to declining financial performance and a negative valuation outlook with unprofitable operations. Technical analysis suggests neutral to bearish market sentiment, which further weighs down the score. However, internal share acquisitions and strategic moves indicate some level of confidence and potential for recovery, slightly enhancing the overall outlook.
To see Spark’s full report on GB:HAS stock, click here.
More about Hays plc
Hays plc operates in the recruitment industry, providing staffing and workforce solutions. The company specializes in both permanent and temporary recruitment services, focusing on a wide range of sectors globally.
Average Trading Volume: 3,124,930
Technical Sentiment Signal: Sell
Current Market Cap: £1.13B
For a thorough assessment of HAS stock, go to TipRanks’ Stock Analysis page.