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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