Morgan Stanley Lowers G4S plc (GFS) to Equal Weight
G4S plc (LON:GFS) was downgraded by research analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Monday. They presently have a GBX 315 ($4.10) target price on the stock, down from their previous target price of GBX 330 ($4.30). Morgan Stanley’s price objective would suggest a potential upside of 5.21% from the company’s current price.
A number of other equities research analysts have also commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 325 ($4.23) price target on shares of G4S plc in a research report on Tuesday, May 23rd. Credit Suisse Group lifted their target price 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. BNP Paribas reissued an “underperform” rating and issued a GBX 220 ($2.86) target price on shares of G4S plc in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co lifted their target price 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 295 ($3.84).
Shares of G4S plc (LON GFS) opened at 296.00 on Monday. The firm’s 50-day moving average price is GBX 328.41 and its 200 day moving average price is GBX 305.47. G4S plc has a 12-month low of GBX 217.00 and a 12-month high of GBX 342.60. The firm’s market cap is GBX 4.58 billion.
In other G4S plc news, insider Tim Weller bought 16,093 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of GBX 309 ($4.02) per share, for a total transaction of £49,727.37 ($64,757.61).
G4S plc Company Profile
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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