G4S plc (GFS) Upgraded to “Outperform” by Royal Bank Of Canada
Royal Bank Of Canada upgraded shares of G4S plc (LON:GFS) to an outperform rating in a report published on Thursday morning. The brokerage currently has GBX 260 ($3.22) target price on the stock, up from their prior target price of GBX 170 ($2.10).
GFS has been the topic of several other reports. BNP Paribas reissued an underperform rating and set a GBX 195 ($2.41) price objective on shares of G4S plc in a report on Monday, October 3rd. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 189 ($2.34) price objective on shares of G4S plc in a report on Monday, June 27th. Jefferies Group cut their price objective on shares of G4S plc from GBX 160 ($1.98) to GBX 157 ($1.94) and set an underperform rating on the stock in a report on Monday, July 4th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 275 ($3.40) price target on shares of G4S plc in a report on Friday, October 7th. Finally, Barclays PLC lowered shares of G4S plc to an underweight rating and cut their price target for the stock from GBX 200 ($2.48) to GBX 160 ($1.98) in a report on Monday, July 25th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 224.56 ($2.78).
G4S plc (LON:GFS) traded up 1.91% during trading on Thursday, hitting GBX 240.20. The stock had a trading volume of 1,957,628 shares. G4S plc has a 12 month low of GBX 145.00 and a 12 month high of GBX 252.40. The firm has a 50 day moving average of GBX 233.02 and a 200-day moving average of GBX 200.58. The stock’s market cap is GBX 3.71 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 1st will be issued a GBX 3.59 ($0.04) dividend. The ex-dividend date is Thursday, September 1st. This represents a dividend 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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