GKN plc (LON:GKN) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a research note issued on Friday, September 8th. They presently have a GBX 550 ($7.42) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 58.23% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Liberum Capital reissued a “sell” rating and set a GBX 300 ($4.04) price target on shares of GKN plc in a research report on Tuesday, July 4th. BNP Paribas reissued an “underperform” rating and set a GBX 295 ($3.98) price target on shares of GKN plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co reissued an “overweight” rating on shares of GKN plc in a research report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a GBX 390 ($5.26) price target on shares of GKN plc in a research report on Monday, August 7th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of GKN plc in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 392.13 ($5.29).

GKN plc (LON GKN) traded up 0.06% on Friday, hitting GBX 347.80. 7,022,126 shares of the stock traded hands. GKN plc has a 52 week low of GBX 295.20 and a 52 week high of GBX 379.30. The firm’s market capitalization is GBX 5.96 billion. The stock has a 50 day moving average of GBX 323.32 and a 200 day moving average of GBX 343.76.

COPYRIGHT VIOLATION WARNING: “GKN plc (GKN) Downgraded to “Hold” at Canaccord Genuity” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/09/11/gkn-plc-gkn-stock-rating-lowered-by-canaccord-genuity.html.

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.

Analyst Recommendations for GKN plc (LON:GKN)

Receive News & Ratings for GKN plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GKN plc and related companies with MarketBeat.com's FREE daily email newsletter.