Brokerages Set GKN plc (GKN) Target Price at $395.75
Shares of GKN plc (LON:GKN) have been given an average rating of “Buy” by the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 395.75 ($5.29).
Several equities analysts have commented on GKN shares. Deutsche Bank reiterated a “buy” rating and issued a GBX 395 ($5.28) price objective on shares of GKN in a report on Friday, September 15th. Berenberg Bank decreased their price objective on shares of GKN from GBX 400 ($5.35) to GBX 365 ($4.88) and set a “buy” rating on the stock in a report on Tuesday, October 17th. Barclays reiterated an “overweight” rating and issued a GBX 370 ($4.95) price objective on shares of GKN in a report on Monday, October 16th. Peel Hunt decreased their price objective on shares of GKN from GBX 535 ($7.15) to GBX 500 ($6.69) and set a “buy” rating on the stock in a report on Sunday, October 15th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 425 ($5.68) price objective on shares of GKN in a report on Friday, November 17th.
GKN (LON GKN) traded up GBX 2.70 ($0.04) during trading hours on Monday, hitting GBX 326.30 ($4.36). 6,947,138 shares of the company’s stock traded hands, compared to its average volume of 5,470,000. GKN has a 12-month low of GBX 2.95 ($0.04) and a 12-month high of GBX 379.30 ($5.07). The firm has a market capitalization of $5,600.00 and a P/E ratio of 1,125.17.
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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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