G4S (LON:GFS)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase in a research report issued to clients and investors on Thursday, May 10th.
Several other analysts also recently weighed in on the company. HSBC upgraded G4S to a “hold” rating and raised their target price for the company from GBX 230 ($3.12) to GBX 245 ($3.32) in a research note on Wednesday, March 28th. Citigroup upgraded G4S to a “buy” rating and set a GBX 350 ($4.75) price target for the company in a research note on Monday, January 15th. SEB Equities upgraded G4S to a “hold” rating in a research note on Friday, March 9th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 330 ($4.48) price target on shares of G4S in a research note on Monday, March 12th. Finally, Royal Bank of Canada decreased their price target on G4S from GBX 385 ($5.22) to GBX 370 ($5.02) and set an “outperform” rating for the company in a research note on Friday, April 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. G4S presently has a consensus rating of “Buy” and a consensus price target of GBX 316.67 ($4.30).
Shares of G4S opened at GBX 263.20 ($3.57) on Thursday, Marketbeat.com reports. G4S has a 1-year low of GBX 247.80 ($3.36) and a 1-year high of GBX 342.60 ($4.65).
G4S (LON:GFS) last announced its earnings results on Thursday, March 8th. The company reported GBX 17.90 ($0.24) earnings per share for the quarter, missing the consensus estimate of GBX 18.20 ($0.25) by GBX (0.30) ($0.00). The business had revenue of GBX 782.80 billion for the quarter. G4S had a net margin of 4.13% and a return on equity of 38.18%.
In other G4S news, insider Ashley Almanza sold 255,997 shares of G4S stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of GBX 248 ($3.36), for a total value of £634,872.56 ($861,194.47).
G4S plc, together with its subsidiaries, engages in the provision of security and related services in the United Kingdom, Ireland, Africa, the Asia Pacific, the Middle East, India, Latin America, Europe, and North America. The company offers integrated solutions, including analytics and intelligence, technology and software, consulting and risk management, monitoring and response, and manned and mobile security, as well as systems design, built, and integration services.
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