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Davy Research

Hays plc

Strong Q2; further material upgrades to consensus

Jan 13 2022, 08:25 GMT
David Greenall
Company Report
6 page(s)

Sectors : Business Support Services

Companies : Hays plc

Ratings and price correct at time of issue.

Hays plc

Closing Price: 152p
RATING 01/04/21
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

David Greenall

Analyst

DAVY VIEW

Hays has released its Q2 trading update for the period to end-December 2021. Net fee growth and the fiscal 2022E outlook is significantly ahead of expectations once more. We continue to see significant leverage into 2023E and beyond, while the scope for strong medium-term special dividends remains, considering the strength of the net cash position.

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Jan 13 2022, 08:25 GMT