HSBC Holdings plc Reiterates Buy Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reiterated by stock analysts at HSBC Holdings plc in a research report issued on Friday. They presently have a GBX 445 ($5.98) price target on the stock. HSBC Holdings plc’s target price indicates a potential upside of 28.61% from the stock’s current price.
A number of other equities research analysts also recently weighed in on GKN. Numis Securities Ltd reissued a “buy” rating and set a GBX 420 ($5.65) target price on shares of GKN plc in a report on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 390 ($5.24) price target (down previously from GBX 400 ($5.38)) on shares of GKN plc in a research note on Thursday, September 21st. Beaufort Securities reaffirmed a “buy” rating on shares of GKN plc in a research note on Thursday, July 27th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($4.03) price target on shares of GKN plc in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 395 ($5.31) price target on shares of GKN plc in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 401.31 ($5.40).
Shares of GKN plc (LON:GKN) opened at 346.00 on Friday. GKN plc has a 12-month low of GBX 295.20 and a 12-month high of GBX 379.30. The company’s market cap is GBX 5.93 billion. The stock has a 50 day moving average of GBX 323.98 and a 200 day moving average of GBX 343.55.
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GKN plc Company Profile
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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