GKN plc (GKNLY) Receives New Coverage from Analysts at HSBC
Several other brokerages have also recently weighed in on GKNLY. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of GKN plc in a research note on Monday, June 13th. Beaufort Securities reaffirmed a buy rating on shares of GKN plc in a research note on Wednesday, July 27th. Bank of America Corp. downgraded GKN plc from a buy rating to a neutral rating in a report on Tuesday, July 5th. Zacks Investment Research downgraded GKN plc from a hold rating to a sell rating in a report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. downgraded GKN plc from a buy rating to a neutral rating in a report on Monday, June 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. GKN plc has a consensus rating of Buy and a consensus price target of $4.75.
Shares of GKN plc (NASDAQ:GKNLY) traded down 1.32% during midday trading on Thursday, reaching $4.11. 64,620 shares of the company’s stock traded hands. The stock has a market cap of $7.05 billion and a price-to-earnings ratio of 27.40. GKN plc has a 52-week low of $3.36 and a 52-week high of $4.75. The stock has a 50 day moving average of $4.13 and a 200-day moving average of $4.04.
GKN plc 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. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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