G4S (GFS.L) 16-01-20
Will the G4S (GFS.L) share price break beneath the 204p support zone, or will we see a return to highs of 221p (+8%)?
- Currently trading close to the key 204p support at 204.51p (at time of writing).
- The support has proven reliable until now. Will the price rebound again?
- As always, traders should be mindful of stop-loss placement.
- Will the shares bounce again to recent highs at 221p? (+8%).
- Shares -12% from 12-month highs; +21% from 12 month lows.
Latest News
13 Nov: Bank of America Merrill Lynch today initiates coverage of G4S (GFS) with a buy rating and target price of 285p.
08 Nov: Barclays Capital reiterates its overweight rating on G4S (GFS) and increased the target price to 230p (from 220p).
08 Nov: RBC Capital Markets has downgraded its rating on G4S (GFS) to sector performer (from outperform).
07 Nov: G4S announced that revenues were up by 4.9% in Q3. Good performance in its security segment offset poorer performance in the ancillary care and justice ssegments.
15 Aug: Barclays Capital today initiates coverage of G4S (GFS) with a overweight rating and target price of 220p.
15 Aug: Barclays Capital has upgraded its rating on G4S (GFS) up to overweight (from equal weight).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires