G4S Receives Hold Rating from Seymour Pierce (GFS)
G4S (LON:GFS)‘s stock had its “hold” rating reiterated by Seymour Pierce in a research note issued on Wednesday, American Banking and Market News reports. They currently have a GBX 240 ($3.87) target price on the stock. Seymour Pierce’s target price would suggest a potential downside of 5.73% from the company’s current price.
Shares of G4S (LON:GFS) traded down 0.66% on Wednesday, hitting GBX 254.60. 3,716,585 shares of the company’s stock traded hands. G4S has a 1-year low of GBX 203.60 and a 1-year high of GBX 315.80. The stock has a 50-day moving average of GBX 247.8 and a 200-day moving average of GBX 259.2. The company’s market cap is £3.572 billion.
A number of other firms have also recently commented on GFS. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of G4S (LON:GFS) in a research note to investors on Wednesday. They now have a GBX 240 ($3.87) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell/neutral” rating on shares of G4S (LON:GFS) in a research note to investors on Friday, September 27th. They now have a GBX 193 ($3.11) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of G4S (LON:GFS) from GBX 194 ($3.13) to GBX 192 ($3.10) in a research note to investors on Friday, September 27th. They now have a “conviction sell” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 258.19 ($4.17).
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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