Deutsche Bank Reiterates “Buy” Rating for GKN (GKN)
GKN (LON:GKN)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 395 ($5.32) target price on the stock. Deutsche Bank’s price target indicates a potential upside of 32.77% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Numis Securities cut GKN to an “add” rating and set a GBX 380 ($5.11) target price on the stock. in a report on Monday, October 16th. Peel Hunt decreased their target price on GKN from GBX 535 ($7.20) to GBX 500 ($6.73) and set a “buy” rating on the stock in a report on Sunday, October 15th. reaffirmed a “buy” rating and issued a GBX 445 ($5.99) target price on shares of GKN in a report on Friday, September 29th. Berenberg Bank cut their price target on GKN from GBX 400 ($5.38) to GBX 365 ($4.91) and set a “buy” rating for the company in a research note on Tuesday, October 17th. Finally, Investec upgraded GKN to a “buy” rating and increased their price target for the stock from GBX 335 ($4.51) to GBX 400 ($5.38) in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. GKN currently has an average rating of “Buy” and an average price target of GBX 389.80 ($5.25).
GKN (LON GKN) opened at GBX 297.60 ($4.01) on Monday. GKN has a twelve month low of GBX 2.95 ($0.04) and a twelve month high of GBX 379.30 ($5.10).
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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