GKN plc (GKN) Rating Reiterated by Bank of America Corporation
GKN plc (LON:GKN)‘s stock had its “buy” rating reaffirmed by analysts at Bank of America Corporation in a research report issued to clients and investors on Wednesday. They currently have a GBX 365 ($4.44) target price on the stock. Bank of America Corporation’s target price would indicate a potential upside of 7.70% from the stock’s current price.
GKN has been the topic of several other research reports. Numis Securities Ltd upgraded shares of GKN plc to a “buy” rating and set a GBX 390 ($4.74) price target on the stock in a research report on Friday, September 23rd. HSBC started coverage on shares of GKN plc in a research report on Thursday, October 6th. They set a “buy” rating and a GBX 395 ($4.80) price target on the stock. Panmure Gordon reiterated a “hold” rating and set a GBX 300 ($3.65) price target on shares of GKN plc in a research report on Friday, September 23rd. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 399 ($4.85) price target on shares of GKN plc in a research report on Tuesday, October 18th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 345 ($4.20) price target on shares of GKN plc in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. GKN plc currently has a consensus rating of “Buy” and an average target price of GBX 341.26 ($4.15).
GKN plc (LON:GKN) opened at 341.60 on Wednesday. The company has a 50-day moving average of GBX 319.83 and a 200 day moving average of GBX 308.87. GKN plc has a 12 month low of GBX 245.80 and a 12 month high of GBX 343.80. The company’s market cap is GBX 5.86 billion.
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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