GKN plc (LON:GKN) Receives Buy Rating from Deutsche Bank AG
GKN plc (LON:GKN)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Monday. They currently have a GBX 395 ($5.21) price objective on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 22.10% from the stock’s previous close.
A number of other brokerages also recently commented on GKN. Liberum Capital reiterated a “sell” rating and set a GBX 300 ($3.96) target price on shares of GKN plc in a research note on Wednesday, April 26th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 410 ($5.41) target price on shares of GKN plc in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of GKN plc from GBX 401 ($5.29) to GBX 384 ($5.07) and set a “neutral” rating for the company in a research note on Wednesday, June 28th. BNP Paribas reiterated an “underperform” rating and set a GBX 295 ($3.89) target price on shares of GKN plc in a research note on Tuesday, July 18th. Finally, Barclays PLC reiterated an “overweight” rating on shares of GKN plc in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. GKN plc has a consensus rating of “Buy” and an average price target of GBX 376.93 ($4.97).
Shares of GKN plc (LON GKN) traded up 0.06% during mid-day trading on Monday, hitting GBX 325.10. The stock had a trading volume of 4,815,735 shares. GKN plc has a 12 month low of GBX 289.90 and a 12 month high of GBX 379.30. The firm’s market cap is GBX 5.57 billion. The stock’s 50-day moving average is GBX 332.98 and its 200 day moving average is GBX 349.12.
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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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