GKN plc (GKN) Receives Average Rating of “Buy” from Brokerages
GKN plc (LON:GKN) has been given an average rating of “Buy” by the sixteen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 370.64 ($4.80).
A number of research analysts have recently commented on GKN shares. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($3.89) price objective on shares of GKN plc in a research report on Tuesday, July 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 410 ($5.31) price objective on shares of GKN plc in a research report on Monday, July 3rd. Deutsche Bank AG reissued a “buy” rating on shares of GKN plc in a research report on Monday. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of GKN plc from GBX 401 ($5.19) to GBX 384 ($4.97) and set a “neutral” rating for the company in a research report on Wednesday, June 28th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 475 ($6.15) price objective on shares of GKN plc in a research report on Wednesday, April 5th.
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GKN plc (LON GKN) traded down 0.46% during trading on Monday, reaching GBX 326.00. 1,429,167 shares of the company’s stock traded hands. The firm’s 50 day moving average is GBX 347.34 and its 200 day moving average is GBX 349.27. GKN plc has a 12 month low of GBX 253.68 and a 12 month high of GBX 379.30. The company’s market cap is GBX 5.58 billion.
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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