G4S plc (GFS) Receives “Outperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their outperform rating on shares of G4S plc (LON:GFS) in a research report released on Friday morning. They currently have a GBX 275 ($3.59) price target on the stock.
GFS has been the topic of a number of other reports. BNP Paribas reaffirmed an underperform rating and issued a GBX 195 ($2.55) target price on shares of G4S plc in a report on Monday, October 3rd. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 189 ($2.47) target price on shares of G4S plc in a report on Monday, June 27th. Jefferies Group dropped their target price on shares of G4S plc from GBX 160 ($2.09) to GBX 157 ($2.05) and set an underperform rating on the stock in a report on Monday, July 4th. Barclays PLC cut shares of G4S plc to an underweight rating and dropped their target price for the company from GBX 200 ($2.61) to GBX 160 ($2.09) in a report on Monday, July 25th. Finally, Deutsche Bank AG cut shares of G4S plc to a sell rating and dropped their target price for the company from GBX 235 ($3.07) to GBX 165 ($2.15) in a report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. G4S plc has an average rating of Hold and an average price target of GBX 218.13 ($2.85).
G4S plc (LON:GFS) traded down 0.22% during midday trading on Friday, reaching GBX 229.70. The company’s stock had a trading volume of 1,755,818 shares. The firm has a 50 day moving average price of GBX 232.84 and a 200-day moving average price of GBX 199.38. G4S plc has a 52 week low of GBX 145.00 and a 52 week high of GBX 259.90. The firm’s market cap is GBX 3.55 billion.
The business also recently announced a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 1st will be given a GBX 3.59 ($0.05) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 1.58%.
About G4S plc
G4S Plc is a United Kingdom-based security company engaged in the provision of security products services and solutions. The Company provides services across sectors, including Government, private energy and utilities, oil and gas, transport and logistics, ports and airports, leisure and tourism, financial institutions, mining, corporates and industrials, and retail.
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