G4S plc’s (GFS) “Overweight” Rating Reaffirmed at Morgan Stanley
Morgan Stanley reaffirmed their overweight rating on shares of G4S plc (LON:GFS) in a research note released on Wednesday morning. The brokerage currently has a GBX 285 ($3.56) price objective on the stock.
A number of other equities research analysts also recently commented on the company. BNP Paribas restated a neutral rating and issued a GBX 185 ($2.31) target price on shares of G4S plc in a research report on Monday, July 25th. Barclays PLC downgraded G4S plc to an underweight rating and reduced their target price for the company from GBX 200 ($2.50) to GBX 160 ($2.00) in a research report on Monday, July 25th. Deutsche Bank AG downgraded G4S plc to a sell rating and reduced their target price for the company from GBX 235 ($2.94) to GBX 165 ($2.06) in a research report on Wednesday, August 3rd. Jefferies Group lifted their target price on G4S plc from GBX 157 ($1.96) to GBX 160 ($2.00) and gave the company an underperform rating in a research report on Thursday, August 11th. Finally, Beaufort Securities upgraded G4S plc to a hold rating in a research report on Thursday, August 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 236.06 ($2.95).
G4S plc (LON:GFS) traded up 0.77% during trading on Wednesday, hitting GBX 247.60. The stock had a trading volume of 2,540,933 shares. The company’s market cap is GBX 3841.75 billion. G4S plc has a one year low of GBX 145.00 and a one year high of GBX 254.30. The firm has a 50 day moving average of GBX 235.33 and a 200-day moving average of GBX 208.12.
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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