GKN (GKN) Given New GBX 485 Price Target at HSBC
A number of other equities analysts have also recently issued reports on the stock. Peel Hunt restated a buy rating and issued a GBX 500 ($6.73) price objective on shares of GKN in a research report on Monday, November 6th. Investec upgraded shares of GKN to a buy rating and boosted their price target for the company from GBX 335 ($4.51) to GBX 400 ($5.38) in a research report on Monday, November 6th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 378 ($5.09) price target on shares of GKN in a research report on Friday, November 17th. Jefferies Group boosted their price target on shares of GKN from GBX 380 ($5.11) to GBX 425 ($5.72) and gave the company a buy rating in a research report on Thursday, November 9th. Finally, Deutsche Bank reiterated a buy rating and set a GBX 395 ($5.32) price target on shares of GKN in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. GKN presently has a consensus rating of Buy and an average price target of GBX 395.75 ($5.33).
GKN (LON:GKN) traded down GBX 3.45 ($0.05) during mid-day trading on Wednesday, hitting GBX 294.30 ($3.96). 6,507,864 shares of the company’s stock were exchanged, compared to its average volume of 9,710,000. GKN has a 12-month low of GBX 2.95 ($0.04) and a 12-month high of GBX 379.30 ($5.10).
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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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