G4S plc (LON:GFS) shares dropped 17.7% during mid-day trading on Wednesday . The company traded as low as GBX 173.55 ($2.27) and last traded at GBX 178.15 ($2.33). Approximately 20,449,416 shares changed hands during mid-day trading, an increase of 256% from the average daily volume of 5,740,000 shares. The stock had previously closed at GBX 216.40 ($2.83).
Several brokerages recently weighed in on GFS. Jefferies Financial Group reiterated a “buy” rating on shares of G4S in a research report on Monday, August 6th. UBS Group cut their price objective on shares of G4S from GBX 305 ($3.99) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research report on Monday, September 3rd. Finally, Royal Bank of Canada reiterated a “top pick” rating and issued a GBX 340 ($4.44) price objective on shares of G4S in a research report on Wednesday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 309.50 ($4.04).
G4S (LON:GFS) last released its quarterly earnings results on Thursday, August 9th. The company reported GBX 7.40 ($0.10) EPS for the quarter, missing analysts’ consensus estimates of GBX 8.20 ($0.11) by GBX (0.80) (($0.01)).
G4S Company Profile (LON:GFS)
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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