GKN Stock Rating Reaffirmed by RBC Capital (GKN)
GKN (LON:GKN)‘s stock had its “sector performer” rating reiterated by stock analysts at RBC Capital in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 365 ($5.86) price target on the stock, up from their previous price target of GBX 290 ($4.65). RBC Capital’s price target suggests a potential upside of 1.90% from the stock’s previous close.
Shares of GKN (LON:GKN) traded up 4.37% during mid-day trading on Thursday, hitting GBX 358.20. 5,057,447 shares of the company’s stock traded hands. GKN has a one year low of GBX 200.835 and a one year 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 £5.805 billion.
A number of other analysts have also recently weighed in on GKN. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of GKN in a research note to investors on Monday. They now have a GBX 370 ($5.94) 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 341.60 ($5.48).
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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