Societe Generale Reiterates “Buy” Rating for GKN (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating reaffirmed by research analysts at Societe Generale in a report released on Thursday, American Banking News reports. They currently have a GBX 425 ($6.81) target price on the stock. Societe Generale’s price target would indicate a potential upside of 21.71% from the stock’s previous close.
A number of other analysts have also recently weighed in on GKN. Analysts at UBS AG raised their price target on shares of GKN (LON:GKN) from GBX 350 ($5.61) to GBX 400 ($6.41) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of GKN (LON:GKN) from GBX 355 ($5.69) to GBX 395 ($6.33) in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Investec raised their price target on shares of GKN (LON:GKN) from GBX 395 ($6.33) to GBX 410 ($6.57) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. GKN has a consensus rating of “Buy” and an average price target of GBX 334.71 ($5.36).
Shares of GKN (LON:GKN) traded up 0.06% during mid-day trading on Thursday, hitting GBX 349.20. The stock had a trading volume of 2,269,981 shares. GKN has a 1-year low of GBX 200.835 and a 1-year high of GBX 364.90. The stock’s 50-day moving average is GBX 345.7 and its 200-day moving average is GBX 306.3. The company’s market cap is £5.659 billion.
GKN plc is a holding company. The Company is a global engineering group. The Company operates in four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems.
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