GKN plc (GKN) Price Target Cut to GBX 365

GKN plc (LON:GKN) had its price objective lowered by equities research analysts at Berenberg Bank from GBX 400 ($5.28) to GBX 365 ($4.82) in a report released on Tuesday, October 17th, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 15.36% from the stock’s previous close.

GKN has been the subject of a number of other research reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 395 ($5.21) price target on shares of GKN plc in a report on Friday, September 15th. Barclays PLC reissued an “overweight” rating and set a GBX 370 ($4.88) price target on shares of GKN plc in a report on Monday, October 16th. Peel Hunt boosted their price target on GKN plc from GBX 475 ($6.27) to GBX 535 ($7.06) and gave the stock a “buy” rating in a report on Tuesday, August 29th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 410 ($5.41) price target on shares of GKN plc in a report on Monday, July 3rd. Finally, Beaufort Securities reissued a “buy” rating on shares of GKN plc in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 387.08 ($5.11).

Shares of GKN plc (GKN) opened at 320.10 on Tuesday. The company’s market cap is GBX 5.49 billion. GKN plc has a 1-year low of GBX 295.20 and a 1-year high of GBX 379.30. The firm’s 50-day moving average is GBX 334.72 and its 200 day moving average is GBX 337.48.

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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.

Analyst Recommendations for GKN plc (LON:GKN)

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