A number of other research analysts have also recently commented on GKN. Numis Securities Ltd restated a buy rating and set a GBX 420 ($5.52) price target on shares of GKN plc in a research note on Thursday, July 27th. HSBC Holdings plc dropped their price objective on GKN plc from GBX 445 ($5.85) to GBX 400 ($5.26) and set a buy rating on the stock in a report on Monday, October 16th. Peel Hunt reaffirmed a buy rating and set a GBX 500 ($6.58) price objective on shares of GKN plc in a report on Monday, November 6th. Barclays PLC raised their price objective on GKN plc from GBX 390 ($5.13) to GBX 400 ($5.26) and gave the stock an overweight rating in a report on Friday, August 18th. Finally, Beaufort Securities reaffirmed a buy rating on shares of GKN plc in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. GKN plc has a consensus rating of Buy and an average target price of GBX 390.47 ($5.14).
GKN plc (GKN) traded down GBX 6.22 ($0.08) during trading hours on Thursday, reaching GBX 313.78 ($4.13). The company’s stock had a trading volume of 5,830,000 shares, compared to its average volume of 11,550,000. GKN plc has a one year low of GBX 298.10 ($3.92) and a one year high of GBX 379.30 ($4.99).
About GKN plc
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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