GKN plc’s (GKN) Overweight Rating Reaffirmed at Barclays PLC
GKN plc (LON:GKN)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a note issued to investors on Thursday. They presently have a GBX 390 ($5.26) price objective on the stock, down from their previous price objective of GBX 400 ($5.39). Barclays PLC’s price objective would indicate a potential upside of 12.20% from the company’s current price.
Other research analysts also recently issued research reports about the company. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($4.04) price target on shares of GKN plc in a report on Friday, August 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 428 ($5.77) price target on shares of GKN plc in a report on Friday, September 15th. BNP Paribas reissued an “underperform” rating and issued a GBX 295 ($3.98) price target on shares of GKN plc in a report on Tuesday, July 18th. Deutsche Bank AG reissued a “buy” rating on shares of GKN plc in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) reduced their price target on GKN plc from GBX 401 ($5.41) to GBX 384 ($5.18) and set a “neutral” rating for the company in a report on Wednesday, June 28th. Two research 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 presently has a consensus rating of “Buy” and a consensus price target of GBX 391.47 ($5.28).
Shares of GKN plc (LON GKN) traded up 1.19% during midday trading on Thursday, hitting GBX 347.60. The stock had a trading volume of 4,498,950 shares. The stock has a 50 day moving average of GBX 323.98 and a 200-day moving average of GBX 343.55. The company’s market cap is GBX 5.96 billion. GKN plc has a one year low of GBX 295.20 and a one year high of GBX 379.30.
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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