GKN plc (GKNLY) Upgraded to “Buy” at Zacks Investment Research
GKN plc (NASDAQ:GKNLY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $5.25 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 14.63% from the stock’s current price.
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. “
A number of other equities research analysts have also weighed in on GKNLY. Societe Generale upgraded GKN plc from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Liberum Capital lowered GKN plc from a “hold” rating to a “sell” rating in a research report on Friday, January 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $5.25.
GKN plc (NASDAQ:GKNLY) traded down 0.22% during midday trading on Monday, reaching $4.58. The company had a trading volume of 35,265 shares. The company has a 50-day moving average of $4.41 and a 200-day moving average of $4.13. GKN plc has a 12-month low of $3.17 and a 12-month high of $4.62. The stock has a market capitalization of $7.82 billion and a PE ratio of 26.94.
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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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