Hays: UBS still buying after results

(CercleFinance.com) - UBS reinstates its "buy" rating on Hays shares, along with target price of 155 pence, representing 50% upside potential for the British recruitment firm's shares, pointing to "Solid profits and dividends, in uncertain markets".


"Profits improved over H2 as guided, with £197m FY'23 EBITA (consensus c£196m)", the broker summarises.

UBS adds that the previous day's publication was accompanied by a 5% increase in the basic dividend per share and a special dividend of around £36m, as well as the announcement of a new CEO.


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