GKN’s “Outperform” Rating Reaffirmed at Credit Suisse (GKN)
GKN (LON:GKN)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday, Analyst Ratings Net reports. They currently have a GBX 430 ($7.09) price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 11.83% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec raised their price target on shares of GKN from GBX 410 ($6.76) to GBX 420 ($6.92) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of GKN in a research note to investors on Monday, December 2nd. They now have a GBX 467 ($7.70) price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. GKN has an average rating of “Buy” and a consensus target price of GBX 357.37 ($5.89).
GKN (LON:GKN) traded up 1.27% during mid-day trading on Monday, hitting GBX 389.40. The stock had a trading volume of 2,316,141 shares. GKN has a one year low of GBX 235.25 and a one year 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 £6.311 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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