Published On: Fri, Sep 9th, 2016

Goldman Sachs Group Inc. Reaffirms Neutral Rating for G4S plc (GFS)

G4S plc (LON:GFS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a research report issued on Thursday. They presently have a GBX 254 ($3.38) price objective on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 4.70% from the company’s current price.
GFS has been the topic of several other research reports. BNP Paribas reissued an “underperform” rating and set a GBX 195 ($2.60) price objective on shares of G4S plc in a research note on Monday, August 22nd. Jefferies Group cut their price target on shares of G4S plc from GBX 160 ($2.13) to GBX 157 ($2.09) and set an “underperform” rating on the stock in a research note on Monday, July 4th. Credit Suisse Group AG raised shares of G4S plc to an “outperform” rating and increased their price target for the stock from GBX 200 ($2.66) to GBX 210 ($2.80) in a research note on Tuesday, June 28th. Barclays PLC downgraded shares of G4S plc to an “underweight” rating and cut their price target for the stock from GBX 200 ($2.66) to GBX 160 ($2.13) in a research note on Monday, July 25th. Finally, Deutsche Bank AG downgraded shares of G4S plc to a “sell” rating and cut their price target for the stock from GBX 235 ($3.13) to GBX 165 ($2.20) in a research note on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 218.13 ($2.91).
Shares of G4S plc (LON:GFS) traded up 1.13% during trading on Thursday, hitting GBX 242.60. 5,550,775 shares of the company were exchanged. The stock’s market cap is GBX 3764.17 billion. G4S plc has a 12 month low of GBX 145.00 and a 12 month high of GBX 259.90. The company’s 50-day moving average price is GBX 211.99 and its 200 day moving average price is GBX 194.28.

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The business also recently disclosed a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 1st will be issued a dividend of GBX 3.59 ($0.05) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 1st.
G4S plc Company Profile
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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