GKN Lowered to Sell at Goldman Sachs (GKN)
GKN (LON:GKN) was downgraded by equities researchers at Goldman Sachs to a “sell” rating in a research report issued on Tuesday, AnalystRatings.NET reports. They currently have a GBX 330 ($5.41) target price on the stock. Goldman Sachs’ target price would indicate a potential downside of 18.65% from the stock’s previous close.
GKN has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of GKN in a research note on Monday. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of GKN in a research note on Thursday, February 6th. They now have a GBX 450 ($7.38) price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of GKN in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 500 ($8.20) price target on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 360.33 ($5.91).
GKN (LON:GKN) traded up 0.39% during mid-day trading on Tuesday, hitting GBX 407.00. 4,965,073 shares of the company’s stock traded hands. GKN has a 52 week low of GBX 236.626 and a 52 week high of GBX 409.70. The stock’s 50-day moving average is GBX 386.4 and its 200-day moving average is GBX 363.2. The company’s market cap is £6.596 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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