G4S plc (GFS) Given Consensus Rating of “Hold” by Brokerages
G4S plc (LON:GFS) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 303.09 ($4.05).
A number of research firms have recently commented on GFS. Credit Suisse Group cut their target price on G4S from GBX 350 ($4.68) to GBX 330 ($4.41) and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a GBX 385 ($5.15) price target on shares of G4S in a report on Thursday, December 21st. HSBC lowered their price target on G4S from GBX 245 ($3.28) to GBX 230 ($3.08) and set a “reduce” rating on the stock in a report on Friday, November 17th. Deutsche Bank lowered their price target on G4S from GBX 330 ($4.41) to GBX 325 ($4.35) and set a “buy” rating on the stock in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 330 ($4.41) price target on shares of G4S in a report on Wednesday, November 8th.
G4S (GFS) traded up GBX 1.60 ($0.02) during trading hours on Friday, reaching GBX 275.50 ($3.68). 3,195,641 shares of the company’s stock were exchanged, compared to its average volume of 3,830,000. G4S has a twelve month low of GBX 236.60 ($3.16) and a twelve month high of GBX 342.60 ($4.58). The firm has a market cap of $4,270.00 and a P/E ratio of 1,530.56.
G4S Company Profile
G4S Plc is a security company specializing in the provision of security and related services to customers. The Company’s segments include Africa, Asia Middle East, Latin America, Europe, North America, and UK & Ireland. It offers Secure solutions products, including manned security and facilities management services, and Cash solutions, mainly the provision of physical cash management services.
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