GKN Stock Rating Reaffirmed by Bank of America Corp. (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating restated by equities research analysts at Bank of America Corp. in a research note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a GBX 370 ($5.94) price objective on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 4.85% from the company’s current price.
GKN has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of GKN in a research note to investors on Thursday, September 26th. They now have a GBX 290 ($4.65) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of GKN in a research note to investors on Thursday, September 26th. They now have a GBX 425 ($6.82) price target on the stock. Finally, analysts at UBS AG raised their price target on shares of GKN from GBX 350 ($5.62) to GBX 400 ($6.42) in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. GKN currently has an average rating of “Buy” and an average price target of GBX 336.91 ($5.41).
Shares of GKN (LON:GKN) opened at 348.40 on Monday. GKN has a 52 week low of GBX 200.835 and a 52 week high of GBX 364.90. The stock has a 50-day moving average of GBX 345.7 and a 200-day moving average of GBX 306.3. The company’s market cap is £5.646 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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