GKN (LON:GKN) had its price target reduced by analysts at HSBC from GBX 510 ($6.86) to GBX 485 ($6.53) in a research report issued on Wednesday. The firm presently has a “reduce” rating on the stock. HSBC’s price objective indicates a potential upside of 62.59% from the company’s current price.

Several other analysts also recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.73) target price on shares of GKN in a report on Monday, November 6th. Investec raised GKN to a “buy” rating and boosted their target price for the company from GBX 335 ($4.51) to GBX 400 ($5.38) in a report on Monday, November 6th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 378 ($5.09) target price on shares of GKN in a report on Friday, November 17th. Jefferies Group boosted their target price on GKN from GBX 380 ($5.11) to GBX 425 ($5.72) and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 395 ($5.32) target price on shares of GKN in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. GKN currently has an average rating of “Buy” and an average target price of GBX 395.75 ($5.33).

Shares of GKN (GKN) traded down GBX 1.20 ($0.02) during midday trading on Wednesday, reaching GBX 298.30 ($4.01). The company’s stock had a trading volume of 5,535,400 shares, compared to its average volume of 9,710,000. GKN has a 12 month low of GBX 2.95 ($0.04) and a 12 month high of GBX 379.30 ($5.10).

TRADEMARK VIOLATION WARNING: “HSBC Trims GKN (GKN) Target Price to GBX 485” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/06/hsbc-trims-gkn-gkn-target-price-to-gbx-485.html.

About GKN

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.

Analyst Recommendations for GKN (LON:GKN)

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.