G4S plc (LON:GFS) had its target price hoisted by Deutsche Bank AG from GBX 325 ($4.22) to GBX 340 ($4.41) in a research note issued to investors on Monday, July 24th. Deutsche Bank AG currently has a hold rating on the stock.
Several other equities analysts also recently commented on the company. BNP Paribas reaffirmed an underperform rating and issued a GBX 220 ($2.86) target price on shares of G4S plc in a research report on Wednesday, July 12th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 323 ($4.19) price target on shares of G4S plc in a research report on Tuesday, June 27th. Credit Suisse Group increased their price target on G4S plc from GBX 310 ($4.02) to GBX 350 ($4.54) and gave the stock an outperform rating in a research report on Friday, May 5th. Morgan Stanley increased their price target on G4S plc from GBX 285 ($3.70) to GBX 330 ($4.28) and gave the stock an overweight rating in a research report on Wednesday, May 3rd. Finally, HSBC Holdings plc reissued a reduce rating and set a GBX 259 ($3.36) price target on shares of G4S plc in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 295 ($3.83).
Shares of G4S plc (GFS) traded down 0.80% during mid-day trading on Monday, hitting GBX 298.30. The stock had a trading volume of 4,447,023 shares. The stock has a 50 day moving average of GBX 323.96 and a 200-day moving average of GBX 306.69. The stock’s market capitalization is GBX 4.62 billion. G4S plc has a 52 week low of GBX 217.00 and a 52 week high of GBX 342.60.
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The company also recently declared a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, August 31st will be paid a GBX 3.59 ($0.05) dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, August 31st.
In other news, insider Tim Weller purchased 16,093 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of GBX 309 ($4.01) per share, for a total transaction of £49,727.37 ($64,555.85).
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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