GKN plc (GKN) Given Overweight Rating at J P Morgan Chase & Co
GKN plc (LON:GKN)‘s stock had its “overweight” rating reissued by stock analysts at J P Morgan Chase & Co in a research report issued on Friday. They presently have a GBX 428 ($5.53) price target on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 26.33% from the company’s previous close.
Several other equities research analysts have also issued reports on GKN. Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($3.87) price objective on shares of GKN plc in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of 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. Deutsche Bank AG reaffirmed a “buy” rating on shares of GKN plc in a research note on Monday, July 10th. Barclays PLC reaffirmed an “overweight” rating on shares of GKN plc in a research note on Tuesday, July 18th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a GBX 295 ($3.81) price objective on shares of GKN plc in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 392.13 ($5.06).
Shares of GKN plc (LON:GKN) traded up 0.39% during mid-day trading on Friday, reaching GBX 338.80. The company had a trading volume of 10,181,691 shares. The company’s 50-day moving average is GBX 322.63 and its 200 day moving average is GBX 344.02. GKN plc has a 52-week low of GBX 295.20 and a 52-week high of GBX 379.30. The stock’s market capitalization is GBX 5.81 billion.
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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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