G4S Price Target Cut to GBX 290 by Analysts at Jefferies Group (GFS)
Research analysts at Jefferies Group reduced their price target on shares of G4S (LON:GFS) from GBX 310 ($4.92) to GBX 290 ($4.60) in a report released on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective points to a potential upside of 14.85% from the stock’s previous close.
G4S (LON:GFS) traded down 2.06% on Wednesday, hitting GBX 252.50. 6,378,290 shares of the company’s stock traded hands. G4S has a 52-week low of GBX 203.60 and a 52-week high of GBX 315.80. The stock has a 50-day moving average of GBX 245. and a 200-day moving average of GBX 259.6. The company’s market cap is £3.543 billion.
GFS has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of G4S (LON:GFS) from GBX 230 ($3.65) to GBX 250 ($3.97) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of G4S (LON:GFS) in a research note to investors on Monday. They now have a GBX 270 ($4.29) price target on the stock. Finally, analysts at RBC Capital downgraded shares of G4S (LON:GFS) from an “outperform” rating to a “sector performer” rating in a research note to investors on Thursday, September 5th. They now have a GBX 270 ($4.29) price target on the stock, up previously from GBX 260 ($4.13).
Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 258.24 ($4.10).
G4S Plc, along with its subsidiaries, is engaged in provision of secure solutions, including manned security services, care and justice services and security systems, and cash solutions, including the management and transportation of cash and valuables, as well as undertaking of other outsourced business processes in sectors where security and safety risks are considered a threat.
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