GKN plc’s (GKN) Overweight Rating Reiterated at J P Morgan Chase & Co
GKN plc (LON:GKN)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Monday.
GKN has been the topic of a number of other reports. Berenberg Bank boosted their target price on GKN plc from GBX 346 ($4.41) to GBX 400 ($5.10) and gave the stock a “buy” rating in a research report on Friday, March 10th. Deutsche Bank AG boosted their target price on GKN plc from GBX 369 ($4.70) to GBX 395 ($5.03) and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Canaccord Genuity boosted their target price on GKN plc from GBX 370 ($4.71) to GBX 410 ($5.22) and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Beaufort Securities reiterated a “buy” rating on shares of GKN plc in a research report on Wednesday, March 1st. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 445 ($5.67) target price on shares of GKN plc in a research report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 368.93 ($4.70).
Shares of GKN plc (LON:GKN) traded up 0.52% during trading on Monday, hitting GBX 346.00. The company had a trading volume of 2,811,881 shares. GKN plc has a 52 week low of GBX 249.40 and a 52 week high of GBX 379.30. The firm’s 50 day moving average is GBX 351.24 and its 200-day moving average is GBX 347.98. The stock’s market capitalization is GBX 5.93 billion.
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About GKN plc
GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.
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