Jefferies Group Comments on GKN plc’s FY2020 Earnings (GKNLY)

GKN plc (OTCMKTS:GKNLY) – Equities researchers at Jefferies Group increased their FY2020 EPS estimates for GKN in a research report issued on Wednesday. Jefferies Group analyst S. Morris now forecasts that the company will earn $0.67 per share for the year, up from their previous forecast of $0.47.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of GKN from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Numis Securities downgraded shares of GKN from a “buy” rating to a “hold” rating in a report on Monday, January 15th.

Shares of GKN (GKNLY) traded up $0.12 during trading on Monday, reaching $5.95. 15,513 shares of the company’s stock were exchanged, compared to its average volume of 178,261. 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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GKN Company Profile

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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