Citigroup Reiterates Neutral Rating for GKN (GKN)

GKN (LON:GKN)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup in a report released on Monday.

Other equities analysts also recently issued research reports about the stock. Numis Securities reaffirmed a “buy” rating and set a GBX 370 ($5.11) price target on shares of GKN in a report on Tuesday, December 5th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 395 ($5.46) price target on shares of GKN in a report on Monday, December 4th. Jefferies Group reaffirmed a “buy” rating and set a GBX 425 ($5.87) price target on shares of GKN in a report on Friday, November 17th. Berenberg Bank lifted their price target on shares of GKN from GBX 365 ($5.04) to GBX 455 ($6.29) and gave the company a “buy” rating in a report on Monday, January 15th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 500 ($6.91) price target on shares of GKN in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 434.81 ($6.01).

GKN (GKN) traded down GBX 11 ($0.15) on Monday, hitting GBX 424.10 ($5.86). 37,980,488 shares of the company were exchanged, compared to its average volume of 13,030,000. The stock has a market capitalization of $7,290.00 and a P/E ratio of 1,462.41. GKN has a one year low of GBX 2.95 ($0.04) and a one year high of GBX 449.46 ($6.21).

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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)

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