Jefferies Group LLC Reaffirms “Buy” Rating for G4S plc (GFS)
Several other research analysts also recently issued reports on GFS. J P Morgan Chase & Co reissued an overweight rating and set a GBX 345 ($4.54) price objective on shares of G4S plc in a research report on Wednesday. Morgan Stanley downgraded shares of G4S plc to an equal weight rating and lowered their target price for the company from GBX 330 ($4.34) to GBX 315 ($4.14) in a report on Monday, August 14th. BNP Paribas reaffirmed an underperform rating and issued a GBX 220 ($2.89) target price on shares of G4S plc in a report on Wednesday, July 12th. Finally, Deutsche Bank AG raised shares of G4S plc to a buy rating and lowered their target price for the company from GBX 340 ($4.47) to GBX 330 ($4.34) in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 304.27 ($4.00).
Shares of G4S plc (LON:GFS) traded down GBX 1.30 ($0.02) during trading on Wednesday, reaching GBX 258.60 ($3.40). 4,510,255 shares of the company’s stock traded hands, compared to its average volume of 4,860,000. G4S plc has a 52 week low of GBX 221.40 ($2.91) and a 52 week high of GBX 342.60 ($4.51).
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About G4S plc
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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