Numis Securities Ltd Reiterates Buy Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 420 ($5.47) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 27.27% from the company’s current price.
GKN has been the subject of a number of other research reports. Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($3.91) price target on shares of GKN plc in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating on shares of GKN plc in a report on Monday, July 10th. Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a report on Thursday. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 445 ($5.80) price target on shares of GKN plc in a report on Thursday, April 6th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 475 ($6.19) price target on shares of GKN plc in a report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 373.06 ($4.86).
GKN plc (LON GKN) opened at 323.50 on Thursday. GKN plc has a 12-month low of GBX 282.50 and a 12-month high of GBX 379.30. The stock has a 50 day moving average price of GBX 336.00 and a 200 day moving average price of GBX 349.61. The stock’s market cap is GBX 5.54 billion.
GKN plc Company Profile
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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