BNP Paribas Reiterates “Underperform” Rating for G4S plc (GFS)
G4S plc (LON:GFS)‘s stock had its “underperform” rating reaffirmed by investment analysts at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 195 ($2.38) target price on the stock. BNP Paribas’ price objective indicates a potential downside of 16.77% from the company’s current price.
Several other research analysts have also commented on GFS. Jefferies Group restated an “underperform” rating and set a GBX 160 ($1.95) price target on shares of G4S plc in a research note on Thursday, September 8th. Beaufort Securities upgraded shares of G4S plc to a “hold” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 281 ($3.42) target price on shares of G4S plc in a research note on Thursday, August 11th. Barclays PLC lowered shares of G4S plc to an “underweight” rating and lowered their target price for the company from GBX 200 ($2.44) to GBX 160 ($1.95) in a research note on Monday, July 25th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 189 ($2.30) target price on shares of G4S plc in a research note on Monday, June 27th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 224.56 ($2.74).
Shares of G4S plc (LON:GFS) traded down 3.06% during midday trading on Monday, hitting GBX 234.30. 4,193,413 shares of the company were exchanged. The stock’s 50-day moving average is GBX 233.49 and its 200-day moving average is GBX 201.34. The stock’s market cap is GBX 3.62 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 company also recently declared a dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 1st were issued a dividend of GBX 3.59 ($0.04) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend was 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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