G4S plc (LON:GFS) had its price target decreased by equities research analysts at HSBC Holdings PLC from GBX 245 ($3.22) to GBX 230 ($3.03) in a research report issued to clients and investors on Friday. The brokerage presently has a “reduce” rating on the stock. HSBC Holdings PLC’s target price would suggest a potential downside of 9.98% from the company’s current price.
GFS has been the topic of a number of other research reports. Jefferies Group LLC raised G4S plc to a “buy” rating and boosted their price objective for the stock from GBX 270 ($3.55) to GBX 330 ($4.34) in a research note on Wednesday, November 1st. Deutsche Bank AG dropped their price objective on G4S plc from GBX 330 ($4.34) to GBX 325 ($4.27) and set a “buy” rating on the stock in a research note on Thursday, November 9th. Morgan Stanley downgraded G4S plc to an “equal weight” rating and dropped their price objective for the stock from GBX 330 ($4.34) to GBX 315 ($4.14) in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 345 ($4.54) price objective on shares of G4S plc in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 298.08 ($3.92).
Shares of G4S plc (LON GFS) opened at GBX 255.50 ($3.36) on Friday. G4S plc has a 12 month low of GBX 221.40 ($2.91) and a 12 month high of GBX 342.60 ($4.51).
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About G4S plc
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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