GKN PT Raised to GBX 420 (GKN)
Equities researchers at Investec hoisted their target price on shares of GKN (LON:GKN) from GBX 410 ($6.76) to GBX 420 ($6.92) in a research report issued on Monday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Investec’s target price would suggest a potential upside of 9.23% from the stock’s previous close.
Shares of GKN (LON:GKN) opened at 391.90 on Monday. GKN has a 52 week low of GBX 235.25 and a 52 week high of GBX 388.90. The stock’s 50-day moving average is GBX 370.5 and its 200-day moving average is GBX 352.3. The company’s market cap is £6.351 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of GKN in a research note to investors on Wednesday, December 18th. They now have a GBX 400 ($6.59) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of GKN in a research note to investors on Thursday, December 12th. They now have a GBX 430 ($7.09) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of GKN in a research note to investors on Monday, December 2nd. They now have a GBX 430 ($7.09) price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 357.37 ($5.89).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.