GKN plc (GKN) Downgraded by Canaccord Genuity
GKN plc (LON:GKN) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a report issued on Friday, September 8th. They currently have a GBX 550 ($7.10) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 62.34% from the stock’s previous close.
GKN has been the subject of a number of other reports. Liberum Capital reissued a “sell” rating and set a GBX 300 ($3.87) target price on shares of GKN plc in a research note on Friday, August 4th. Deutsche Bank AG reissued a “buy” rating on shares of GKN plc in a research note on Monday, July 10th. Beaufort Securities reissued a “buy” rating on shares of GKN plc in a research note on Thursday, July 27th. J P Morgan Chase & Co reissued an “overweight” rating on shares of GKN plc in a research note on Monday, June 19th. Finally, Peel Hunt increased their target price on GKN plc from GBX 475 ($6.13) to GBX 535 ($6.91) and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. GKN plc has an average rating of “Buy” and an average target price of GBX 392.13 ($5.06).
GKN plc (LON:GKN) opened at 349.40 on Friday. GKN plc has a 12 month low of GBX 295.20 and a 12 month high of GBX 379.30. The stock’s market capitalization is GBX 5.99 billion. The company’s 50-day moving average is GBX 322.63 and its 200-day moving average is GBX 344.02.
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GKN plc 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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