G4S plc Given “Neutral” Rating at Citigroup Inc. (GFS)
G4S plc (LON:GFS)‘s stock had its “neutral” rating reiterated by Citigroup Inc. in a research note issued on Thursday. They currently have a GBX 250 ($4.19) price target on the stock. Citigroup Inc.’s price target would indicate a potential downside of 8.26% from the stock’s previous close.
A number of other firms have also recently commented on GFS. Analysts at Investec reiterated a “buy” rating on shares of G4S plc in a research note on Wednesday. They now have a GBX 280 ($4.70) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of G4S plc in a research note on Wednesday. They now have a GBX 210 ($3.52) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of G4S plc in a research note on Tuesday. They now have a GBX 300 ($5.03) price target on the stock. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. G4S plc presently has a consensus rating of “Hold” and an average price target of GBX 242.46 ($4.07).
G4S plc (LON:GFS) traded down 2.52% on Thursday, hitting GBX 266.60. 11,131,125 shares of the company’s stock traded hands. G4S plc has a 52 week low of GBX 225.40 and a 52 week high of GBX 266.50. The stock has a 50-day moving average of GBX 257.1 and a 200-day moving average of GBX 247.1. The company’s market cap is £4.118 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 17th. Shareholders of record on Wednesday, September 10th will be paid a dividend of GBX 3.42 ($0.06) per share. This represents a dividend yield of 1.26%. The ex-dividend date is Wednesday, September 10th.
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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