Noble Financial Maintains a Buy Rating on The GEO Group (GEO)

The GEO Group, Inc. (NYSE:GEO) is one of the best strong buy stocks to invest in according to Wall Street. On September 17, Noble Financial analyst Joe Gomes maintained a Buy rating on The GEO Group, Inc. (NYSE:GEO) and set a price target of $35.00.

The rating came after The GEO Group, Inc. (NYSE:GEO) announced on September 16 that the Florida Department of Corrections issued “Notices of Intent to Award three managed-only contracts to GEO for the assumption of management and support services at the 985-bed Bay Correctional and Rehabilitation Facility and the 1,884-bed Graceville Correctional and Rehabilitation Facility and for the continuation of management and support services at the 985-bed Moore Haven Correctional and Rehabilitation Facility.”

The GEO Group, Inc. (NYSE:GEO) designs, finances, develops, and supports services for processing centers, secure facilities, and community re-entry facilities. Its operations are divided into the following segments: US Secure, Electronic Monitoring and Supervision, Re-entry, and International Services.

The US Secure Services segment comprises the US-based public-private partnership correction and detention segment, while the Electronic Monitoring and Supervision Services segment offers services in the US.

The International Services segment offers public-private partnership secure services operations in South Africa and Australia, and the Re-entry Services Segment comprises various community-based and re-entry services.

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Disclosure: None. This article is originally published at Insider Monkey.