GKN (GKN) Given “Buy” Rating at Numis Securities
A number of other research firms also recently weighed in on GKN. Deutsche Bank reiterated a buy rating and set a GBX 395 ($5.32) target price on shares of GKN in a report on Monday. Liberum Capital upgraded GKN to a hold rating and set a GBX 300 ($4.04) price target on the stock in a research note on Monday, October 23rd. Barclays restated an overweight rating and issued a GBX 390 ($5.25) price target (down previously from GBX 400 ($5.38)) on shares of GKN in a research note on Thursday, September 21st. Investec upgraded GKN to a buy rating and upped their price target for the stock from GBX 335 ($4.51) to GBX 400 ($5.38) in a research note on Monday, November 6th. Finally, Peel Hunt cut their price target on GKN from GBX 535 ($7.20) to GBX 500 ($6.73) and set a buy rating on the stock in a research note on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 389.80 ($5.25).
GKN (LON:GKN) traded down GBX 1.80 ($0.02) during trading on Tuesday, hitting GBX 297.70 ($4.01). 2,916,884 shares of the stock traded hands, compared to its average volume of 9,710,000. 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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