GKN plc (GKNLY) Receives New Coverage from Analysts at HSBC
HSBC began coverage on shares of GKN plc (OTCMKTS:GKNLY) in a research note issued to investors on Thursday morning, StockTargetPrices.com reports. The firm issued a buy rating on the stock.
A number of other analysts also recently commented on GKNLY. Citigroup Inc. downgraded shares of GKN plc from a buy rating to a neutral rating in a report on Wednesday, July 27th. Goldman Sachs Group Inc. downgraded shares of GKN plc from a buy rating to a neutral rating in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GKN plc presently has an average rating of Buy.
Shares of GKN plc (OTCMKTS:GKNLY) traded down 2.52% on Thursday, hitting $4.06. The company’s stock had a trading volume of 54,734 shares. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 27.07 and a beta of 1.47. GKN plc has a one year low of $3.36 and a one year high of $4.75. The stock has a 50-day moving average price of $4.13 and a 200 day moving average price of $4.04.
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. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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