G4S plc’s (GFS) Outperform Rating Reiterated at Credit Suisse Group AG
G4S plc (LON:GFS)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a GBX 275 ($3.59) price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 19.46% from the company’s current price.
A number of other equities analysts have also recently commented on GFS. BNP Paribas reiterated a “neutral” rating and issued a GBX 190 ($2.48) target price on shares of G4S plc in a report on Monday, June 13th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 189 ($2.47) target price on shares of G4S plc in a report on Monday, June 27th. Jefferies Group dropped their target price on G4S plc from GBX 160 ($2.09) to GBX 157 ($2.05) and set an “underperform” rating for the company in a report on Monday, July 4th. JPMorgan Chase & Co. dropped their target price on G4S plc from GBX 298 ($3.89) to GBX 281 ($3.67) and set an “overweight” rating for the company in a report on Wednesday, July 13th. Finally, Barclays PLC cut G4S plc to an “underweight” rating and dropped their target price for the stock from GBX 200 ($2.61) to GBX 160 ($2.09) in a report on Monday, July 25th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 218.13 ($2.85).
G4S plc (LON:GFS) traded down 0.82% during trading on Friday, reaching GBX 230.20. The company’s stock had a trading volume of 3,783,222 shares. The firm’s 50-day moving average price is GBX 232.87 and its 200 day moving average price is GBX 199.15. G4S plc has a 12-month low of GBX 145.00 and a 12-month high of GBX 259.90. The company’s market capitalization is GBX 3.56 billion.
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The firm also recently announced a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 1st will be given a dividend of GBX 3.59 ($0.05) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 1st.
About G4S plc
G4S Plc is a United Kingdom-based security company engaged in the provision of security products services and solutions. The Company provides services across sectors, including Government, private energy and utilities, oil and gas, transport and logistics, ports and airports, leisure and tourism, financial institutions, mining, corporates and industrials, and retail.
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