Deutsche Bank AG Reiterates “Hold” Rating for G4S plc (GFS)
G4S plc (LON:GFS)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank AG in a note issued to investors on Tuesday. They presently have a GBX 325 ($4.23) price target on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 0.91% from the company’s current price.
Several other analysts have also commented on the stock. JPMorgan Chase & Co. increased their price target on shares of G4S plc from GBX 290 ($3.77) to GBX 323 ($4.20) and gave the company an “overweight” rating in a research report on Friday, May 5th. Credit Suisse Group AG increased their price objective on shares of G4S plc from GBX 310 ($4.03) to GBX 350 ($4.55) and gave the company an “outperform” rating in a research report on Friday, May 5th. Morgan Stanley increased their price objective on shares of G4S plc from GBX 285 ($3.71) to GBX 330 ($4.29) and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 259 ($3.37) price objective on shares of G4S plc in a research report on Monday, April 10th. Finally, Royal Bank of Canada increased their price objective on shares of G4S plc from GBX 310 ($4.03) to GBX 350 ($4.55) and gave the company an “outperform” rating in a research report on Wednesday, March 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 290.50 ($3.78).
Shares of G4S plc (LON:GFS) opened at 328.00 on Tuesday. G4S plc has a 1-year low of GBX 145.00 and a 1-year high of GBX 328.90. The company’s market capitalization is GBX 5.07 billion. The firm’s 50-day moving average is GBX 314.15 and its 200-day moving average is GBX 270.59.
The firm also recently declared a dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, April 27th will be issued a GBX 5.82 ($0.08) dividend. This represents a yield of 2.02%. The ex-dividend date is Thursday, April 27th. This is an increase from G4S plc’s previous dividend of $3.59.
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In related news, insider Ashley Almanza sold 345,851 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 296 ($3.85), for a total value of £1,023,718.96 ($1,331,753.56). Also, insider Winnie Kin Wah Fok purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of GBX 318 ($4.14) per share, for a total transaction of £31,800 ($41,368.54).
About G4S plc
G4S Plc is a security company specializing in the provision of security and related services to customers. The Company’s segments include Africa, Asia Middle East, Latin America, Europe, North America, and UK & Ireland. It offers Secure solutions products, including manned security and facilities management services, and Cash solutions, mainly the provision of physical cash management services.
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