G4S plc (GFS) Given Consensus Recommendation of “Hold” by Analysts
Shares of G4S plc (LON:GFS) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 295 ($3.82).
Several equities analysts recently commented on GFS shares. BNP Paribas reaffirmed an “underperform” rating and set a GBX 220 ($2.85) price objective on shares of G4S plc in a research note on Wednesday, July 12th. Morgan Stanley cut shares of G4S plc to an “equal weight” rating and reduced their price objective for the company from GBX 330 ($4.27) to GBX 315 ($4.07) in a research note on Monday, August 14th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 323 ($4.18) price objective on shares of G4S plc in a research note on Tuesday, June 27th. Deutsche Bank AG boosted their price objective on shares of G4S plc from GBX 230 ($2.97) to GBX 325 ($4.20) and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, Credit Suisse Group boosted their price objective on shares of G4S plc from GBX 310 ($4.01) to GBX 350 ($4.53) and gave the company an “outperform” rating in a research note on Friday, May 5th.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/02/g4s-plc-gfs-given-consensus-recommendation-of-hold-by-analysts-2.html.
In related news, insider Tim Weller purchased 16,093 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of GBX 309 ($4.00) per share, with a total value of £49,727.37 ($64,313.72).
Shares of G4S plc (LON:GFS) traded up 1.09% on Friday, hitting GBX 286.60. 3,807,281 shares of the company’s stock were exchanged. The firm’s market cap is GBX 4.44 billion. G4S plc has a 12 month low of GBX 217.00 and a 12 month high of GBX 342.60. The stock’s 50 day moving average is GBX 313.89 and its 200 day moving average is GBX 309.17.
The business also recently declared a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, August 31st will be paid a GBX 3.59 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 1.17%.
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.
Receive News & Ratings for G4S plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G4S plc and related companies with MarketBeat.com's FREE daily email newsletter.