GKN plc (GKN) Stock Rating Reaffirmed by BNP Paribas
GKN plc (LON:GKN)‘s stock had its “underperform” rating reissued by stock analysts at BNP Paribas in a report released on Tuesday. They presently have a GBX 295 ($3.85) price target on the stock. BNP Paribas’ price objective points to a potential downside of 10.66% from the stock’s current price.
GKN has been the topic of a number of other reports. Liberum Capital reiterated a “sell” rating and issued a GBX 300 ($3.92) price objective on shares of GKN plc in a research note on Friday, April 7th. Barclays PLC reiterated an “overweight” rating and issued a GBX 390 ($5.09) price objective on shares of GKN plc in a research note on Monday, March 20th. Peel Hunt reiterated a “buy” rating and issued a GBX 475 ($6.20) price objective on shares of GKN plc in a research note on Wednesday, April 5th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 410 ($5.35) price objective on shares of GKN plc in a research note on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on GKN plc from GBX 401 ($5.24) to GBX 384 ($5.01) and set a “neutral” rating on the stock in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. GKN plc presently has an average rating of “Buy” and an average price target of GBX 371.19 ($4.85).
Shares of GKN plc (LON GKN) opened at 329.50 on Tuesday. GKN plc has a 52 week low of GBX 275.70 and a 52 week high of GBX 379.30. The firm’s 50-day moving average price is GBX 347.34 and its 200-day moving average price is GBX 349.27. The firm’s market cap is GBX 5.64 billion.
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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. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.
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