GKN (GKN) PT Raised to GBX 440 at Deutsche Bank
GKN (LON:GKN) had its price target lifted by research analysts at Deutsche Bank from GBX 395 ($5.36) to GBX 440 ($5.97) in a report released on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 0.59% from the company’s previous close.
Several other brokerages have also issued reports on GKN. Liberum Capital increased their target price on shares of GKN from GBX 300 ($4.07) to GBX 425 ($5.76) and gave the stock a “hold” rating in a research note on Friday. Peel Hunt reissued a “buy” rating and set a GBX 535 ($7.26) target price on shares of GKN in a research note on Monday, October 9th. Barclays reissued an “overweight” rating and set a GBX 390 ($5.29) target price (down from GBX 400 ($5.42)) on shares of GKN in a research note on Thursday, September 21st. reissued a “buy” rating and set a GBX 445 ($6.03) target price on shares of GKN in a research note on Friday, September 29th. Finally, Jefferies Group increased their target price on shares of GKN from GBX 380 ($5.15) to GBX 425 ($5.76) and gave the stock a “buy” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 425.80 ($5.77).
Shares of GKN (LON GKN) traded up GBX 17.40 ($0.24) during midday trading on Monday, reaching GBX 437.40 ($5.93). 23,390,000 shares of the company traded hands, compared to its average volume of 7,640,000. The company has a market capitalization of $7,510.00 and a price-to-earnings ratio of 1,508.28. GKN has a fifty-two week low of GBX 2.95 ($0.04) and a fifty-two week high of GBX 442.20 ($6.00).
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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