G4S plc (GFS) Stock Rating Upgraded by Royal Bank Of Canada
G4S plc (LON:GFS) was upgraded by equities researchers at Royal Bank Of Canada to an “outperform” rating in a report released on Thursday. The firm presently has a GBX 260 ($3.22) price target on the stock, up from their previous price target of GBX 170 ($2.10). Royal Bank Of Canada’s target price suggests a potential upside of 12.60% from the company’s current price.
Other equities research analysts have also issued reports about the stock. BNP Paribas reiterated a “neutral” rating and set a GBX 185 ($2.29) price target on shares of G4S plc in a research note on Monday, July 11th. Jefferies Group lifted their price objective on shares of G4S plc from GBX 157 ($1.94) to GBX 160 ($1.98) and gave the company an “underperform” rating in a research note on Thursday, August 11th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 254 ($3.14) price objective on shares of G4S plc in a research note on Thursday, September 8th. JPMorgan Chase & Co. dropped their price objective on shares of G4S plc from GBX 298 ($3.69) to GBX 281 ($3.48) and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG restated a “sell” rating and issued a GBX 165 ($2.04) price objective on shares of G4S plc in a research note on Thursday, August 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 224.56 ($2.78).
Shares of G4S plc (LON:GFS) opened at 235.20 on Thursday. The stock’s 50 day moving average is GBX 232.95 and its 200-day moving average is GBX 200.11. The stock’s market capitalization is GBX 3.63 billion. G4S plc has a one year low of GBX 145.00 and a one year high of GBX 252.40.
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The firm also recently declared a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 1st will be issued a GBX 3.59 ($0.04) dividend. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 1st.
G4S plc Company Profile
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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