GKN plc Receives “Outperform” Rating from Credit Suisse (GKN)
GKN plc (LON:GKN)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Tuesday. They currently have a GBX 450 ($7.69) price target on the stock. Credit Suisse’s target price points to a potential upside of 29.53% from the company’s current price.
A number of other firms have also recently commented on GKN. Analysts at Citigroup Inc. cut their price target on shares of GKN plc from GBX 435 ($7.43) to GBX 410 ($7.01) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of GKN plc in a research note on Thursday, July 17th. They now have a GBX 450 ($7.69) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of GKN plc in a research note on Tuesday, July 15th. They now have a GBX 410 ($7.01) price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 414.50 ($7.08).
GKN plc (LON:GKN) traded up 0.55% during mid-day trading on Tuesday, hitting GBX 347.40. The stock had a trading volume of 4,955,729 shares. GKN plc has a 1-year low of GBX 321.00 and a 1-year high of GBX 468.00. The stock has a 50-day moving average of GBX 368.4 and a 200-day moving average of GBX 384.9. The company’s market cap is £5.691 billion.
GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN).
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