JPMorgan Chase & Co. Reiterates “Overweight” Rating for G4S (GFS)

G4S (LON:GFS)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report issued on Monday. They currently have a GBX 345 ($4.77) price objective on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 32.39% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Citigroup upgraded shares of G4S to a “buy” rating and set a GBX 350 ($4.84) price objective on the stock in a report on Monday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 385 ($5.32) price objective on shares of G4S in a report on Thursday, December 21st. HSBC lowered their price objective on shares of G4S from GBX 245 ($3.38) to GBX 230 ($3.18) and set a “reduce” rating on the stock in a report on Friday, November 17th. SEB Equities upgraded shares of G4S to a “hold” rating in a report on Friday. Finally, Credit Suisse Group lowered their price objective on shares of G4S from GBX 350 ($4.84) to GBX 330 ($4.56) and set an “outperform” rating on the stock in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 307.40 ($4.25).

G4S (LON:GFS) traded down GBX 1.60 ($0.02) during midday trading on Monday, hitting GBX 260.60 ($3.60). 3,266,114 shares of the stock were exchanged, compared to its average volume of 5,170,000. G4S has a 12 month low of GBX 247.80 ($3.42) and a 12 month high of GBX 342.60 ($4.73). The firm has a market capitalization of $4,040.00 and a P/E ratio of 1,628.75.

G4S (LON:GFS) last posted its quarterly earnings data on Thursday, March 8th. The company reported GBX 17.90 ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 18.20 ($0.25) by GBX (0.30) ($0.00). G4S had a net margin of 4.13% and a return on equity of 38.18%. The business had revenue of GBX 782.80 billion during the quarter.

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G4S 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.

Analyst Recommendations for G4S (LON:GFS)

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