Research Analysts Offer Predictions for GKN plc’s FY2017 Earnings (GKNLY)

GKN plc (OTCMKTS:GKNLY) – Research analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of GKN in a note issued to investors on Thursday. Jefferies Group analyst S. Morris now forecasts that the company will post earnings per share of $0.42 for the year, up from their prior forecast of $0.39.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of GKN from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, January 23rd. Investec raised shares of GKN from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Numis Securities downgraded shares of GKN from a “buy” rating to a “hold” rating in a research note on Monday, January 15th.

Shares of GKN (GKNLY) opened at $5.94 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 0.44. GKN has a 12 month low of $3.86 and a 12 month high of $6.48.

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About GKN

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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