GKN plc (GKN) Receives GBX 338.67 Consensus Price Target from Brokerages
GKN plc (LON:GKN) has been assigned an average rating of “Buy” from the twenty analysts that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 338.67 ($4.23).
A number of research firms have commented on GKN. JPMorgan Chase & Co. raised their price objective on GKN plc from GBX 379 ($4.74) to GBX 399 ($4.99) and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Berenberg Bank raised their price objective on GKN plc from GBX 332 ($4.15) to GBX 346 ($4.32) and gave the stock a “buy” rating in a research note on Monday, August 8th. Beaufort Securities restated a “buy” rating on shares of GKN plc in a research note on Wednesday, July 27th. Societe Generale restated a “hold” rating and set a GBX 310 ($3.87) price objective on shares of GKN plc in a research note on Wednesday, July 27th. Finally, Citigroup Inc. lowered GKN plc to a “neutral” rating and set a GBX 315 ($3.94) price objective on the stock. in a research note on Wednesday, July 27th.
Shares of GKN plc (LON:GKN) opened at 304.3000 on Friday. The company’s market cap is GBX 5.22 billion. The company has a 50-day moving average price of GBX 318.42 and a 200-day moving average price of GBX 298.06. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90.
About GKN plc
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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