G4S plc (GFS) Given Consensus Recommendation of “Hold” by Analysts
Shares of G4S plc (LON:GFS) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 296.36 ($3.86).
A number of research firms recently weighed in on GFS. Deutsche Bank AG raised their price objective on G4S plc from GBX 325 ($4.23) to GBX 340 ($4.43) and gave the company a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group raised their price objective on G4S plc from GBX 310 ($4.04) to GBX 350 ($4.56) and gave the company an “outperform” rating in a research report on Friday, May 5th. J P Morgan Chase & Co raised their price objective on G4S plc from GBX 290 ($3.78) to GBX 323 ($4.21) and gave the company an “overweight” rating in a research report on Friday, May 5th. Morgan Stanley raised their price objective on G4S plc from GBX 285 ($3.71) to GBX 330 ($4.30) and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. Finally, HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 259 ($3.37) price objective on shares of G4S plc in a research report on Monday, April 10th.
In other news, insider Winnie Kin Wah Fok acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price of GBX 318 ($4.14) per share, with a total value of £31,800 ($41,411.64).
Shares of G4S plc (GFS) traded down 1.58% during midday trading on Tuesday, reaching GBX 330.60. The company had a trading volume of 3,804,371 shares. The company’s market capitalization is GBX 5.11 billion. The company has a 50-day moving average price of GBX 331.10 and a 200 day moving average price of GBX 304.12. G4S plc has a one year low of GBX 189.70 and a one year high of GBX 339.50.
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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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