Societe Generale Downgrades GKN plc (GKN) to Hold
GKN plc (LON:GKN) was downgraded by research analysts at Societe Generale to a “hold” rating in a note issued to investors on Monday. They currently have a GBX 350 ($4.65) price objective on the stock. Societe Generale’s target price points to a potential upside of 14.38% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Numis Securities Ltd lowered shares of GKN plc to an “add” rating and set a GBX 380 ($5.05) price target on the stock. in a report on Monday. Deutsche Bank AG reissued a “buy” rating and issued a GBX 395 ($5.25) price target on shares of GKN plc in a report on Monday, August 7th. Beaufort Securities reissued a “buy” rating on shares of GKN plc in a report on Thursday, July 27th. Peel Hunt raised their price target on shares of GKN plc from GBX 475 ($6.31) to GBX 535 ($7.11) and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, HSBC Holdings plc reissued a “buy” rating and issued a GBX 445 ($5.91) price target on shares of GKN plc in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. GKN plc presently has an average rating of “Hold” and an average price target of GBX 387.08 ($5.14).
Shares of GKN plc (LON:GKN) opened at 306.00 on Monday. The company’s market cap is GBX 5.24 billion. GKN plc has a 12 month low of GBX 295.20 and a 12 month high of GBX 379.30. The firm’s 50-day moving average is GBX 337.09 and its 200-day moving average is GBX 340.06.
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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