Royal Bank of Canada Reiterates Outperform Rating for G4S (GFS)
G4S (LON:GFS)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday. They currently have a GBX 385 ($5.18) target price on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 50.92% from the company’s current price.
Several other brokerages have also weighed in on GFS. Deutsche Bank raised G4S to a “buy” rating and decreased their price objective for the stock from GBX 340 ($4.58) to GBX 330 ($4.44) in a report on Friday, November 3rd. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 345 ($4.64) price objective on shares of G4S in a report on Wednesday, November 8th. HSBC decreased their price objective on G4S from GBX 245 ($3.30) to GBX 230 ($3.10) and set a “reduce” rating for the company in a report on Friday, November 17th. Finally, Jefferies Group reissued a “buy” rating and issued a GBX 330 ($4.44) price objective on shares of G4S in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. G4S presently has an average rating of “Hold” and a consensus target price of GBX 304.91 ($4.10).
Shares of G4S (LON GFS) opened at GBX 255.10 ($3.43) on Thursday. G4S has a twelve month low of GBX 227 ($3.06) and a twelve month high of GBX 342.60 ($4.61).
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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