G4S’s (GFS) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of G4S (LON:GFS) in a report issued on Friday morning.

A number of other brokerages also recently issued reports on GFS. UBS Group reaffirmed a buy rating and set a GBX 305 ($3.99) price target on shares of G4S in a report on Tuesday, August 21st. Credit Suisse Group lowered their price target on G4S from GBX 330 ($4.31) to GBX 250 ($3.27) and set an outperform rating on the stock in a report on Thursday, November 15th. Royal Bank of Canada lowered their price target on G4S from GBX 370 ($4.83) to GBX 340 ($4.44) and set a top pick rating on the stock in a report on Thursday, August 16th. Barclays reaffirmed an equal weight rating and set a GBX 200 ($2.61) price target (down from GBX 270 ($3.53)) on shares of G4S in a report on Thursday, November 8th. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of G4S in a report on Monday, August 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 261.67 ($3.42).

Shares of LON:GFS opened at GBX 190 ($2.48) on Friday. G4S has a 1 year low of GBX 247.80 ($3.24) and a 1 year high of GBX 342.60 ($4.48).

About G4S

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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