Deutsche Bank Reaffirms “Buy” Rating for GKN (GKN)
A number of other brokerages also recently issued reports on GKN. Peel Hunt reiterated a buy rating and set a GBX 500 ($6.91) price target on shares of GKN in a research report on Monday, January 22nd. Numis Securities reiterated a hold rating and set a GBX 450 ($6.22) price target on shares of GKN in a research report on Wednesday, February 14th. HSBC lowered their price target on GKN from GBX 510 ($7.05) to GBX 485 ($6.70) and set a reduce rating on the stock in a research report on Wednesday, December 6th. Jefferies Group reiterated a buy rating and set a GBX 425 ($5.87) price target on shares of GKN in a research report on Thursday, February 22nd. Finally, Investec upgraded GKN to a buy rating and increased their price target for the stock from GBX 335 ($4.63) to GBX 400 ($5.53) in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 434.81 ($6.01).
Shares of GKN (LON:GKN) opened at GBX 420 ($5.80) on Wednesday. The company has a market capitalization of $7,210.00 and a PE ratio of 1,448.28. GKN has a 1-year low of GBX 2.95 ($0.04) and a 1-year high of GBX 449.46 ($6.21).
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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