Royal Bank of Canada Downgrades G4S (GFS) to Sector Performer

G4S (LON:GFS) was downgraded by analysts at Royal Bank of Canada to a “sector performer” rating in a research report issued on Thursday. They presently have a GBX 210 ($2.74) price objective on the stock, down from their previous price objective of GBX 340 ($4.44). Royal Bank of Canada’s price objective would suggest a potential upside of 14.69% from the company’s previous close.

A number of other equities research analysts also recently weighed in on GFS. Jefferies Financial Group reissued a “buy” rating on shares of G4S in a report on Monday, August 6th. UBS Group reissued a “buy” rating and issued a GBX 305 ($3.99) price target on shares of G4S in a report on Tuesday, August 21st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 283.33 ($3.70).

GFS traded down GBX 0.70 ($0.01) on Thursday, reaching GBX 183.10 ($2.39). The company had a trading volume of 15,014,681 shares, compared to its average volume of 5,740,000. G4S has a one year low of GBX 247.80 ($3.24) and a one year high of GBX 342.60 ($4.48).

G4S (LON:GFS) last announced its earnings results on Thursday, August 9th. The company reported GBX 7.40 ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of GBX 8.20 ($0.11) by GBX (0.80) (($0.01)).

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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Analyst Recommendations for G4S (LON:GFS)

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