GKN (LON:GKN) had its target price hoisted by research analysts at Jefferies Group from GBX 380 ($5.07) to GBX 425 ($5.67) in a report released on Thursday, November 9th. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 35.70% from the stock’s current price.
A number of other brokerages also recently issued reports on GKN. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 295 ($3.93) price objective on shares of GKN in a research report on Tuesday, July 18th. Numis Securities downgraded shares of GKN to an “add” rating and set a GBX 380 ($5.07) price objective on the stock. in a research report on Monday, October 16th. Liberum Capital raised shares of GKN to a “hold” rating and set a GBX 300 ($4.00) target price on the stock in a research report on Monday, October 23rd. Barclays reissued an “overweight” rating and set a GBX 390 ($5.20) target price (down previously from GBX 400 ($5.33)) on shares of GKN in a research report on Thursday, September 21st. Finally, Investec raised shares of GKN to a “buy” rating and boosted their target price for the stock from GBX 335 ($4.47) to GBX 400 ($5.33) in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. GKN has a consensus rating of “Buy” and an average target price of GBX 390.47 ($5.21).
GKN (LON GKN) opened at GBX 313.20 ($4.18) on Thursday. GKN has a 12-month low of GBX 2.95 ($0.04) and a 12-month high of GBX 379.30 ($5.06).
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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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