G4S: share down - Morgan Stanley more cautious
(CercleFinance.com) - The G4S share is down on the London Stock Exchange on Wednesday after Morgan Stanley's cautious comments on the British security specialist, which last week confirmed its intention to split its fund transportation and cash management businesses by 2020.
In a note published this morning, analysts at Morgan Stanley question the financial consequences of the separation of this division, which generates about 14% of the group's revenues.
The broker prefers to cut its price target to 195 pence, against 200 pence previously, while maintaining its "weight in line" rating on the share.
At midday (local time), the G4S share is down about 0.1% at 173.4 pence.
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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.
In a note published this morning, analysts at Morgan Stanley question the financial consequences of the separation of this division, which generates about 14% of the group's revenues.
The broker prefers to cut its price target to 195 pence, against 200 pence previously, while maintaining its "weight in line" rating on the share.
At midday (local time), the G4S share is down about 0.1% at 173.4 pence.
Copyright (c) 2019 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.