GKN (LON:GKN) had its price objective increased by Barclays from GBX 370 ($5.02) to GBX 450 ($6.10) in a research note published on Monday morning. Barclays currently has an overweight rating on the stock.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank raised their price objective on shares of GKN from GBX 395 ($5.36) to GBX 440 ($5.97) and gave the stock a buy rating in a research note on Monday. Liberum Capital raised their price objective on shares of GKN from GBX 300 ($4.07) to GBX 425 ($5.76) and gave the stock a hold rating in a research note on Friday, January 12th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 378 ($5.13) price objective on shares of GKN in a research note on Thursday, December 7th. HSBC dropped their price objective on shares of GKN from GBX 510 ($6.92) to GBX 485 ($6.58) and set a reduce rating on the stock in a research note on Wednesday, December 6th. Finally, Numis Securities reaffirmed a buy rating and set a GBX 370 ($5.02) price objective on shares of GKN in a research note on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 426.88 ($5.79).
Shares of GKN (LON GKN) traded down GBX 3 ($0.04) during midday trading on Monday, hitting GBX 442 ($5.99). 19,920,000 shares of the stock were exchanged, compared to its average volume of 9,790,000. The firm has a market cap of $7,590.00 and a PE ratio of 1,524.14. GKN has a twelve month low of GBX 2.95 ($0.04) and a twelve month high of GBX 449.46 ($6.10).
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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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