GKN plc (LON:GKN) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a research note issued on Friday, September 8th. They presently have a GBX 550 ($7.42) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 58.23% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Liberum Capital reissued a “sell” rating and set a GBX 300 ($4.04) price target on shares of GKN plc in a research report on Tuesday, July 4th. BNP Paribas reissued an “underperform” rating and set a GBX 295 ($3.98) price target on shares of GKN plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co reissued an “overweight” rating on shares of GKN plc in a research report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a GBX 390 ($5.26) price target on shares of GKN plc in a research report on Monday, August 7th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of GKN plc in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 392.13 ($5.29).
GKN plc (LON GKN) traded up 0.06% on Friday, hitting GBX 347.80. 7,022,126 shares of the stock traded hands. GKN plc has a 52 week low of GBX 295.20 and a 52 week high of GBX 379.30. The firm’s market capitalization is GBX 5.96 billion. The stock has a 50 day moving average of GBX 323.32 and a 200 day moving average of GBX 343.76.
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About GKN plc
GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.
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