|Day's range||28.21 - 28.80|
|52-week range||15.73 - 28.80|
|PE ratio (TTM)||169.58|
|Dividend & yield||0.13 (4.25%)|
|1y target est||N/A|
The world's largest security services company said it was confident it would hit its annual revenue growth target of 4 to 6 percent thanks to new contract wins and its pipeline and broadly the same trends in its business as in 2016. "We have delivered good profitable growth across all the regions except Middle East and India which remains challenged," a spokesman for the company said, adding that its U.S. operations had gained from the rollover of retail cash solution contracts from 2016. The performance of G4S (Copenhagen: G4S.CO - news) , which provides personnel for security services as well as cash-handling, has been robust while some UK rivals flounder, primarily because it is gradually reducing its exposure to the UK where the market has been under pressure following Britain's vote to leave the European Union.
A dispute over unpaid wages in Yemen involving two global corporations has illustrated the disarray wrought by the near total pullout of foreign firms from the war-shattered country. A Yemeni labour court has ordered France's Total and Britain's G4S to pay millions of riyals ($1=330 riyal) in back pay and compensation to security guards who accused the two firms of abandoning them after the war sucked a Saudi-led Arab alliance into battle against Iran-aligned Houthi militia. Both Total and G4S, the French oil giant's security service provider, deny ditching the guards, saying they had made sure they were properly compensated when official termination notices were issued before they left Yemen.
** British security group G4S shares down 2.3 pct, set for worst day in 3 mths ** HSBC downgrades to "reduce" from "hold" ** Brokerage says investment case now tilted towards the downside ...