Societe Generale Reiterates “Buy” Rating for GKN (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating restated by research analysts at Societe Generale in a report released on Thursday, American Banking and Market News reports. They currently have a GBX 425 ($6.78) target price on the stock. Societe Generale’s price target suggests a potential upside of 15.58% from the company’s current price.
A number of other firms have also recently commented on GKN. Analysts at RBC Capital reiterated a “sector performer” rating on shares of GKN in a research note to investors on Thursday, October 10th. They now have a GBX 365 ($5.83) price target on the stock, up previously from GBX 290 ($4.63). Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of GKN in a research note to investors on Monday, October 7th. They now have a GBX 370 ($5.91) price target on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 341.60 ($5.45).
GKN (LON:GKN) traded down 0.95% on Thursday, hitting GBX 364.20. 3,230,684 shares of the company’s stock traded hands. GKN has a 1-year low of GBX 201.00 and a 1-year high of GBX 370.50. 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 £5.903 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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