Hays shares drop 7.5% despite analysts seeing buying chance
Panmure Liberum calls Hays' share-price decline a buying opportunity after the recruitment group's first-quarter fiscal 2027 update.
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what happened
Hays shares fell 7.5% to 59.40 pence after the recruitment company released a trading update for the first quarter of fiscal 2027. Dow Jones Newswires reported that like-for-like net fee income declined 3%. The result matched Panmure Liberum's estimate and was slightly better than the 4% decline expected by consensus.
Panmure Liberum analysts Sanjay Vidyarthi and Joe Brent described the share-price weakness as a buying opportunity. They said EBIT could be 50% above fiscal 2027 consensus if management delivers its cost plan. The broker maintained a buy rating and a 100-pence target price. Hays shares remain 6% higher year to date. The analysts said the opening reaction was surprising because the update was in line with expectations and forecast risk remained positive.
why it matters
The market move contrasts with Panmure Liberum's view that the trading update did not worsen expectations. Investors are also assessing whether execution of the cost plan can support the analysts' potential EBIT upside relative to consensus.
instruments
sources
- Hays Share Fall Is a Buy Opportunity — Market Talk — Dow Jones Newswires, 12 October 2026 at 10:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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