GKN plc (LON:GKN) Price Target Lowered to GBX 378 at J P Morgan Chase & Co

GKN plc (LON:GKN) had its price target decreased by equities research analysts at J P Morgan Chase & Co from GBX 428 ($5.65) to GBX 378 ($4.99) in a research note issued to investors on Monday, October 16th. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 19.47% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Peel Hunt boosted their price objective on shares of GKN plc from GBX 475 ($6.27) to GBX 535 ($7.06) and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 420 ($5.54) target price on shares of GKN plc in a research note on Thursday, July 27th. Beaufort Securities reiterated a “buy” rating on shares of GKN plc in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 395 ($5.21) target price on shares of GKN plc in a research note on Monday, August 7th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a GBX 445 ($5.87) target price on shares of GKN plc in a research note on Friday, September 29th. One 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. GKN plc currently has an average rating of “Buy” and a consensus target price of GBX 387.08 ($5.11).

GKN plc (LON:GKN) opened at 316.40 on Monday. The firm’s market cap is GBX 5.42 billion. GKN plc has a 1-year low of GBX 295.20 and a 1-year high of GBX 379.30. The firm has a 50 day moving average of GBX 334.72 and a 200 day moving average of 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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