G4S: Jefferies maintains 'buy'
(CercleFinance.com) - Jefferies reiterated its "buy" rating on the shares of British security firm G4S, with a target price of 330 pence, the broker said in a report issued today.
The shares - which have been held back by doubts regarding revenue trajectory and US cost pass-through - are under-rated relative to security peers, Jefferies said.
Moreover, for the first time since Ashley Almanza joined as CEO in 2013, G4S has surplus capital to deploy on technology bolt-ons, the broker pointed out in its report.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The shares - which have been held back by doubts regarding revenue trajectory and US cost pass-through - are under-rated relative to security peers, Jefferies said.
Moreover, for the first time since Ashley Almanza joined as CEO in 2013, G4S has surplus capital to deploy on technology bolt-ons, the broker pointed out in its report.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.