G4S plc (GFS) Stock Rating Upgraded by Jefferies Group LLC
G4S plc (LON:GFS) was upgraded by stock analysts at Jefferies Group LLC to a “buy” rating in a research report issued on Wednesday. The firm presently has a GBX 330 ($4.35) price target on the stock, up from their previous price target of GBX 270 ($3.56). Jefferies Group LLC’s price target indicates a potential upside of 15.99% from the company’s previous close.
A number of other brokerages have also recently issued reports on GFS. Deutsche Bank AG upped their target price on shares of G4S plc from GBX 325 ($4.29) to GBX 340 ($4.49) and gave the company a “hold” rating in a report on Monday, July 24th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 220 ($2.90) target price on shares of G4S plc in a report on Wednesday, July 12th. Finally, Morgan Stanley cut shares of G4S plc to an “equal weight” rating and dropped their target price for the company from GBX 330 ($4.35) to GBX 315 ($4.16) in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 302.73 ($3.99).
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In other G4S plc news, insider Tim Weller bought 16,093 shares of the stock in a transaction dated Wednesday, August 9th. The shares were bought at an average cost of GBX 309 ($4.08) per share, with a total value of £49,727.37 ($65,620.70).
G4S plc 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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