G4S Downgraded to “Underperform” at RBC Capital (GFS)
G4S (LON:GFS) was downgraded by equities researchers at RBC Capital to an “underperform” rating in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 235 ($3.87) price target on the stock, down from their previous price target of GBX 255 ($4.20). RBC Capital’s target price indicates a potential downside of 6.37% from the stock’s previous close.
A number of other firms have also recently commented on GFS. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of G4S in a research note to investors on Friday, December 20th. They now have a GBX 248 ($4.09) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of G4S in a research note to investors on Tuesday, December 17th. They now have a GBX 275 ($4.53) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of G4S in a research note to investors on Wednesday, November 20th. They now have a GBX 290 ($4.78) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 255.29 ($4.21).
G4S (LON:GFS) traded up 0.12% during mid-day trading on Monday, hitting GBX 251.00. The stock had a trading volume of 4,033,206 shares. G4S has a one year low of GBX 203.60 and a one year high of GBX 315.80. The stock has a 50-day moving average of GBX 257. and a 200-day moving average of GBX 247.. The company’s market cap is £3.522 billion.
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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