G4S: shares inch up after broker comments
(CercleFinance.com) - Shares of British security contractor G4S are up almost 1% at 199.
4 pence on Tuesday following positive broker comments on the stock.
"G4S's turnaround is under-appreciated in our view," wrote analysts at Bank of America in a research note.
"The security service provider's operating and financial metrics have improved vastly since the launch of its disposal programme in 2013," BofA said, keeping a "buy" rating on the stock.
While G4S is currently trading at a 25% discount to the STOXX Europe 600 Industrial Goods & Services index, the broker thinks that the gap is unjustified given the company's improved returns and governance.
Bank of America has a 275 pence target price for the share.
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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.
4 pence on Tuesday following positive broker comments on the stock.
"G4S's turnaround is under-appreciated in our view," wrote analysts at Bank of America in a research note.
"The security service provider's operating and financial metrics have improved vastly since the launch of its disposal programme in 2013," BofA said, keeping a "buy" rating on the stock.
While G4S is currently trading at a 25% discount to the STOXX Europe 600 Industrial Goods & Services index, the broker thinks that the gap is unjustified given the company's improved returns and governance.
Bank of America has a 275 pence target price for the share.
Copyright (c) 2020 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.