GKN (GKN) Price Target Raised to GBX 450
GKN (LON:GKN) had its price objective increased by Barclays from GBX 370 ($5.02) to GBX 450 ($6.10) in a research report sent to investors on Monday morning. Barclays currently has an overweight rating on the stock.
GKN has been the topic of a number of other research reports. Berenberg Bank cut their target price on shares of GKN from GBX 400 ($5.42) to GBX 365 ($4.95) and set a buy rating on the stock in a research note on Tuesday, October 17th. Deutsche Bank reissued a buy rating and issued a GBX 395 ($5.36) target price on shares of GKN in a research note on Friday, October 13th. Peel Hunt cut their target price on shares of GKN from GBX 535 ($7.26) to GBX 500 ($6.78) and set a buy rating on the stock in a research note on Sunday, October 15th. Jefferies Group reissued a buy rating and issued a GBX 425 ($5.76) target price on shares of GKN in a research note on Friday, November 17th. Finally, Liberum Capital reissued a hold rating and issued a GBX 300 ($4.07) target price on shares of GKN in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 425.80 ($5.77).
Shares of GKN (GKN) traded up GBX 4.60 ($0.06) during mid-day trading on Monday, hitting GBX 442 ($5.99). 23,855,729 shares of the stock were exchanged, compared to its average volume of 8,150,000. GKN has a fifty-two week low of GBX 2.95 ($0.04) and a fifty-two week high of GBX 447.60 ($6.07). The stock has a market cap of $7,630.00 and a P/E ratio of 1,524.14.
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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