Seymour Pierce Reiterates “Buy” Rating for GKN (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating reaffirmed by analysts at Seymour Pierce in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. They currently have a GBX 420 ($6.80) price objective on the stock. Seymour Pierce’s price target suggests a potential upside of 12.84% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of GKN in a research note to investors on Friday, October 18th. They now have a GBX 400 ($6.47) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of GKN in a research note to investors on Friday, October 18th. They now have a GBX 420 ($6.80) price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of GKN to GBX 425 ($6.88) in a research note to investors on Thursday, October 17th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 348.27 ($5.63).
Shares of GKN (LON:GKN) traded down 1.06% during mid-day trading on Monday, hitting GBX 372.20. 3,307,155 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 372.10. The stock has a 50-day moving average of GBX 350.6 and a 200-day moving average of GBX 317.2. The company’s market cap is £6.032 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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