Deutsche Bank AG Reiterates Buy Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued on Friday, MarketBeat reports. They currently have a GBX 395 ($5.10) price target on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 16.59% from the stock’s previous close.
Other analysts have also issued research reports about the company. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 420 ($5.42) price target on shares of GKN plc in a research note on Thursday, July 27th. Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a research note on Thursday, July 27th. Peel Hunt raised their price target on GKN plc from GBX 475 ($6.13) to GBX 535 ($6.91) and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Canaccord Genuity lowered GKN plc to a “hold” rating and set a GBX 550 ($7.10) price target for the company. in a research note on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) dropped their price target on GKN plc from GBX 401 ($5.18) to GBX 384 ($4.96) and set a “neutral” rating for the company in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 392.13 ($5.06).
GKN plc (LON GKN) traded up 0.39% during mid-day trading on Friday, hitting GBX 338.80. 10,181,691 shares of the stock traded hands. The firm’s market capitalization is GBX 5.81 billion. GKN plc has a 1-year low of GBX 295.20 and a 1-year high of GBX 379.30. The company has a 50-day moving average of GBX 322.63 and a 200 day moving average of GBX 344.02.
WARNING: “Deutsche Bank AG Reiterates Buy Rating for GKN plc (GKN)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/09/16/deutsche-bank-ag-reiterates-buy-rating-for-gkn-plc-gkn.html.
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.
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.