GKN plc (GKN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of GKN plc (LON:GKN) have been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 387.08 ($5.14).
A number of research firms recently weighed in on GKN. Berenberg Bank reduced their price target on GKN plc from GBX 400 ($5.31) to GBX 365 ($4.85) and set a “buy” rating for the company in a report on Tuesday. HSBC Holdings plc reduced their price target on GKN plc from GBX 445 ($5.91) to GBX 400 ($5.31) and set a “buy” rating for the company in a report on Monday. J P Morgan Chase & Co reduced their price target on GKN plc from GBX 428 ($5.69) to GBX 378 ($5.02) and set an “overweight” rating for the company in a report on Monday. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 420 ($5.58) price target on shares of GKN plc in a report on Thursday, July 27th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 535 ($7.11) price target on shares of GKN plc in a report on Monday, October 9th.
Shares of GKN plc (LON GKN) traded up 0.23% during mid-day trading on Wednesday, reaching GBX 306.70. The company’s stock had a trading volume of 10,427,272 shares. The firm’s 50-day moving average price is GBX 337.09 and its 200 day moving average price is GBX 340.06. The firm’s market cap is GBX 5.26 billion. GKN plc has a 12-month low of GBX 295.20 and a 12-month 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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