Numis Securities Reiterates Buy Rating for GKN (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating restated by stock analysts at Numis Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 370 ($4.98) price target on the stock. Numis Securities’ price target indicates a potential upside of 22.96% from the stock’s previous close.
A number of other analysts also recently issued reports on the stock. Deutsche Bank reiterated a “buy” rating and issued a GBX 395 ($5.32) price objective on shares of GKN in a report on Monday. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 378 ($5.09) price objective on shares of GKN in a report on Friday, November 17th. Jefferies Group reiterated a “buy” rating and issued a GBX 425 ($5.72) price objective on shares of GKN in a report on Friday, November 17th. Peel Hunt reiterated a “buy” rating and issued a GBX 500 ($6.73) price objective on shares of GKN in a report on Thursday, November 16th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 300 ($4.04) price objective on shares of GKN in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 389.80 ($5.25).
Shares of GKN (GKN) opened at GBX 300.90 ($4.05) on Tuesday. GKN has a fifty-two week low of GBX 2.95 ($0.04) and a fifty-two week high of GBX 379.30 ($5.10).
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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