GKN plc (GKN) Receives GBX 426.88 Consensus Target Price from Brokerages
Shares of GKN plc (LON:GKN) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 426.88 ($5.79).
Several analysts recently issued reports on GKN shares. Deutsche Bank reissued a “buy” rating and issued a GBX 395 ($5.36) target price on shares of GKN in a research note on Thursday, October 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 535 ($7.26) price objective on shares of GKN in a research report on Monday, October 9th. JPMorgan Chase & Co. cut their price objective 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. Barclays reaffirmed an “overweight” rating and set a GBX 370 ($5.02) price objective on shares of GKN in a research report on Monday, October 16th. Finally, Numis Securities cut GKN to an “add” rating and set a GBX 380 ($5.15) price objective on the stock. in a research report on Monday, October 16th.
GKN (GKN) traded down GBX 4.10 ($0.06) during midday trading on Friday, hitting GBX 431.90 ($5.86). The company had a trading volume of 5,844,255 shares, compared to its average volume of 11,150,000. The company has a market capitalization of $7,460.00 and a PE ratio of 1,489.31. GKN has a 12 month low of GBX 2.95 ($0.04) and a 12 month high of GBX 449.46 ($6.10).
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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