HSBC Initiates Coverage on GKN plc (GKNLY)
Stock analysts at HSBC began coverage on shares of GKN plc (NASDAQ:GKNLY) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised GKN plc from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research report on Monday, June 13th. Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a research report on Wednesday, July 27th. Citigroup Inc. cut GKN plc from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 27th. Bank of America Corp. cut GKN plc from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. cut GKN plc from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $4.75.
Shares of GKN plc (NASDAQ:GKNLY) opened at 4.11 on Thursday. The company has a 50 day moving average price of $4.13 and a 200 day moving average price of $4.04. GKN plc has a one year low of $3.36 and a one year high of $4.75. The company has a market cap of $7.05 billion and a P/E ratio of 27.77.
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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