GKN plc (GKN) Receives Consensus Rating of “Buy” from Analysts

GKN plc (LON:GKN) has received an average recommendation of “Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 395.75 ($5.29).

GKN has been the subject of a number of research reports. Numis Securities cut shares of GKN to an “add” rating and set a GBX 380 ($5.08) target price for the company. in a report on Monday, October 16th. Peel Hunt dropped their target price on shares of GKN from GBX 535 ($7.15) to GBX 500 ($6.69) and set a “buy” rating for the company in a report on Sunday, October 15th. Deutsche Bank reissued a “buy” rating and issued a GBX 395 ($5.28) target price on shares of GKN in a report on Friday, October 13th. reissued a “buy” rating and issued a GBX 445 ($5.95) target price on shares of GKN in a report on Friday, September 29th. Finally, Berenberg Bank dropped their target price on shares of GKN from GBX 400 ($5.35) to GBX 365 ($4.88) and set a “buy” rating for the company in a report on Tuesday, October 17th.

GKN (GKN) traded up GBX 2.70 ($0.04) during mid-day trading on Monday, hitting GBX 326.30 ($4.36). 6,947,138 shares of the stock were exchanged, compared to its average volume of 5,470,000. The company has a market capitalization of $5,600.00 and a PE ratio of 1,125.17. GKN has a 52-week low of GBX 2.95 ($0.04) and a 52-week high of GBX 379.30 ($5.07).

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About GKN

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.

Analyst Recommendations for GKN (LON:GKN)

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