GKN plc (GKN) Rating Reiterated by Peel Hunt
GKN plc (LON:GKN)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research note issued on Monday. They currently have a GBX 535 ($7.10) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 50.15% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($3.98) target price on shares of GKN plc in a research note on Tuesday, July 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 428 ($5.68) target price on shares of GKN plc in a research note on Friday, September 15th. Barclays PLC reissued an “overweight” rating and issued a GBX 390 ($5.17) target price on shares of GKN plc in a research note on Monday, August 7th. BNP Paribas reissued an “underperform” rating and issued a GBX 295 ($3.91) target price on shares of GKN plc in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 395 ($5.24) target price on shares of GKN plc in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 401.31 ($5.32).
Shares of GKN plc (LON GKN) opened at 356.30 on Monday. GKN plc has a 52 week low of GBX 295.20 and a 52 week high of GBX 379.30. The stock’s market capitalization is GBX 6.11 billion. The company has a 50-day moving average price of GBX 333.23 and a 200 day moving average price of GBX 341.71.
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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. 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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