GKN Stock Rating Reaffirmed by Cantor Fitzgerald Europe (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Thursday, Analyst Ratings News reports. They currently have a GBX 430 ($7.09) target price on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential upside of 6.54% from the company’s current price.
GKN (LON:GKN) traded down 0.17% during mid-day trading on Thursday, hitting GBX 402.90. 3,831,376 shares of the company’s stock traded hands. GKN has a one year low of GBX 236.626 and a one year high of GBX 394.30. The stock’s 50-day moving average is GBX 372.3 and its 200-day moving average is GBX 355.3. The company’s market cap is £6.530 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of GKN in a research note to investors on Thursday. They now have a GBX 327 ($5.39) 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 Monday. They now have a GBX 430 ($7.09) price target on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. GKN currently has a consensus rating of “Buy” and a consensus target price of GBX 354.27 ($5.84).
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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