G4S (LON:GFS) had its target price lowered by equities research analysts at HSBC from GBX 245 ($3.28) to GBX 230 ($3.08) in a report released on Friday, November 17th. The firm presently has a “reduce” rating on the stock. HSBC’s price objective indicates a potential downside of 8.69% from the company’s current price.
Several other research firms have also issued reports on GFS. Morgan Stanley lowered shares of G4S to an “equal weight” rating and reduced their price objective for the company from GBX 330 ($4.42) to GBX 315 ($4.22) in a research note on Monday, August 14th. Jefferies Group raised shares of G4S to a “buy” rating and lifted their price objective for the company from GBX 270 ($3.62) to GBX 330 ($4.42) in a research note on Wednesday, November 1st. Deutsche Bank reduced their price objective on shares of G4S from GBX 330 ($4.42) to GBX 325 ($4.35) and set a “buy” rating for the company in a research note on Thursday, November 9th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 345 ($4.62) price objective on shares of G4S in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. G4S currently has a consensus rating of “Hold” and a consensus price target of GBX 298.08 ($3.99).
G4S (LON GFS) opened at GBX 251.50 ($3.37) on Friday. G4S has a 12-month low of GBX 221.40 ($2.97) and a 12-month high of GBX 342.60 ($4.59).
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.
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