GKN (GKN) Lowered to Hold at Numis Securities
GKN (LON:GKN) was downgraded by stock analysts at Numis Securities to a “hold” rating in a research report issued on Monday. They presently have a GBX 450 ($6.10) price target on the stock. Numis Securities’ price objective points to a potential upside of 1.81% from the company’s previous close.
A number of other equities research analysts also recently issued reports on GKN. Barclays reissued an “overweight” rating and set a GBX 390 ($5.29) price target (down previously from GBX 400 ($5.42)) on shares of GKN in a research report on Thursday, September 21st. reissued a “buy” rating and set a GBX 445 ($6.03) price target on shares of GKN in a research report on Friday, September 29th. Deutsche Bank reissued a “buy” rating and set a GBX 395 ($5.36) price target on shares of GKN in a research report on Thursday, October 5th. Peel Hunt reissued a “buy” rating and set a GBX 535 ($7.26) price target on shares of GKN in a research report on Monday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on GKN from GBX 428 ($5.80) to GBX 378 ($5.13) and set an “overweight” rating on the stock in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 426.88 ($5.79).
Shares of GKN (LON:GKN) opened at GBX 442 ($5.99) on Monday. The stock has a market capitalization of $7,590.00 and a P/E ratio of 1,524.14. GKN has a 12-month low of GBX 2.95 ($0.04) and a 12-month high of GBX 449.46 ($6.10).
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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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