GKN plc (GKN) Lifted to Buy at Investec
GKN plc (LON:GKN) was upgraded by investment analysts at Investec to a “buy” rating in a report released on Monday. The brokerage currently has a GBX 400 ($5.28) price objective on the stock, up from their previous price objective of GBX 335 ($4.42). Investec’s price objective would indicate a potential upside of 23.76% from the company’s current price.
Several other equities analysts have also issued reports on GKN. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 420 ($5.54) price target on shares of GKN plc in a report on Thursday, July 27th. HSBC Holdings plc cut their price target on shares of GKN plc from GBX 445 ($5.87) to GBX 400 ($5.28) and set a “buy” rating on the stock in a report on Monday, October 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 ($6.60) price target on shares of GKN plc in a report on Tuesday, October 31st. Barclays PLC lifted their price target on shares of GKN plc from GBX 390 ($5.15) to GBX 400 ($5.28) and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. GKN plc has a consensus rating of “Buy” and a consensus target price of GBX 388 ($5.12).
GKN plc (LON:GKN) opened at GBX 323.20 ($4.26) on Monday.
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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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