J P Morgan Chase & Co Reiterates “Overweight” Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “overweight” rating restated by equities researchers at J P Morgan Chase & Co in a research note issued to investors on Friday. They presently have a GBX 378 ($4.97) price objective on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 28.44% from the stock’s previous close.
A number of other research analysts also recently commented on GKN. Beaufort Securities reissued a “buy” rating on shares of GKN plc in a report on Thursday, July 27th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 420 ($5.52) price target on shares of GKN plc in a report on Thursday, July 27th. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($3.95) price target on shares of GKN plc in a report on Friday, August 4th. Barclays PLC reissued an “overweight” rating and issued a GBX 390 ($5.13) price target on shares of GKN plc in a report on Monday, August 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 395 ($5.20) price target on shares of GKN plc in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 390.47 ($5.14).
GKN plc (LON GKN) opened at GBX 294.30 ($3.87) on Friday. GKN plc has a 1-year low of GBX 280 ($3.68) and a 1-year high of GBX 379.30 ($4.99).
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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