GKN’s (GKN) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
GKN (LON:GKN)‘s stock had its “overweight” rating restated by investment analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. They currently have a GBX 378 ($5.09) price objective on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 26.55% from the stock’s previous close.
A number of other analysts have also weighed in on GKN. Deutsche Bank reiterated a “buy” rating and set a GBX 395 ($5.32) target price on shares of GKN in a report on Monday, December 4th. HSBC dropped their target price on shares of GKN from GBX 510 ($6.86) to GBX 485 ($6.53) and set a “reduce” rating for the company in a report on Wednesday. Numis Securities reiterated a “buy” rating and set a GBX 370 ($4.98) target price on shares of GKN in a report on Tuesday. lowered their price objective on shares of GKN from GBX 445 ($5.99) to GBX 400 ($5.38) and set a “buy” rating for the company in a report on Monday, October 16th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 535 ($7.20) price objective on shares of GKN in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 395.75 ($5.33).
GKN (LON:GKN) traded up GBX 4.40 ($0.06) during trading on Thursday, hitting GBX 298.70 ($4.02). 3,840,000 shares of the stock were exchanged, compared to its average volume of 9,690,000. GKN has a one year low of GBX 2.95 ($0.04) and a one year high of GBX 379.30 ($5.10).
GKN Company Profile
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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