Goldman Sachs Group Inc. Reaffirms Neutral Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “neutral” rating reissued by equities researchers at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. They currently have a GBX 334 ($4.14) price objective on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 7.78% from the stock’s current price.
A number of other analysts have also weighed in on GKN. Berenberg Bank increased their target price on GKN plc from GBX 332 ($4.12) to GBX 346 ($4.29) and gave the stock a “buy” rating in a research note on Monday, August 8th. Numis Securities Ltd restated an “add” rating and set a GBX 325 ($4.03) price target on shares of GKN plc in a research note on Friday, August 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 399 ($4.95) price target on shares of GKN plc in a research note on Monday, August 22nd. Canaccord Genuity cut their price target on GKN plc from GBX 445 ($5.52) to GBX 370 ($4.59) and set a “buy” rating on the stock in a research note on Friday, September 2nd. Finally, Panmure Gordon restated a “hold” rating and set a GBX 300 ($3.72) price target on shares of GKN plc in a research note on Friday, September 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 339.94 ($4.22).
GKN plc (LON:GKN) opened at 309.90 on Thursday. The company’s market cap is GBX 5.32 billion. GKN plc has a 1-year low of GBX 245.80 and a 1-year high of GBX 339.90. The firm’s 50-day moving average is GBX 315.18 and its 200 day moving average is GBX 299.71.
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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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