GKN plc (GKNLY) Rating Increased to Hold at Zacks Investment Research
GKN plc (NASDAQ:GKNLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “GKN plc operates as an engineering business serving the automotive, industrial, off-highway, and aerospace markets. It sells its products primarily to vehicle and aircraft manufacturers as well as, in Aerospace, to other tier one suppliers. It operates in four different business areas. Automotive segment supplies driveshaft, geared components, torque management devices, structural and engine components and substrates for catalytic converters. Powder Metallurgy segment produces powdered metal and sintered components for automotive and other industrial customers. OffHighway segment mainly designs and manufactures steel wheels and driveline products for the agricultural, construction and mining, and industrial machinery markets. Aerospace segment’ activities are concentrated on the production of airframe and engine structures, components and assemblies for both military and civil aerospace markets. GKN plc is headquartered in Redditch, the United Kingdom. “
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG assumed coverage on shares of GKN plc in a report on Monday, October 31st. They set a “buy” rating on the stock. Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a report on Wednesday, October 26th. HSBC assumed coverage on shares of GKN plc in a report on Thursday, October 6th. They set a “buy” rating on the stock. Finally, Citigroup Inc. lowered shares of GKN plc from a “buy” rating to a “neutral” rating in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $4.75.
Shares of GKN plc (NASDAQ:GKNLY) traded down 0.53% during midday trading on Wednesday, reaching $3.77. 25,105 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00. GKN plc has a 12 month low of $3.17 and a 12 month high of $4.75.
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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