Societe Generale Downgrades GKN plc (GKN) to Hold

GKN plc (LON:GKN) was downgraded by Societe Generale to a “hold” rating in a research report issued to clients and investors on Monday, October 16th. They currently have a GBX 350 ($4.62) price objective on the stock. Societe Generale’s target price suggests a potential upside of 9.14% from the company’s previous close.

A number of other analysts also recently commented on the company. HSBC Holdings plc reduced their price objective on GKN plc from GBX 445 ($5.87) to GBX 400 ($5.28) and set a “buy” rating for the company in a research report on Monday, October 16th. Numis Securities Ltd cut GKN plc to an “add” rating and set a GBX 380 ($5.01) target price for the company. in a report on Monday, October 16th. Barclays PLC reissued an “overweight” rating and issued a GBX 370 ($4.88) target price on shares of GKN plc in a report on Monday, October 16th. J P Morgan Chase & Co dropped their price target on GKN plc from GBX 428 ($5.65) to GBX 378 ($4.99) and set an “overweight” rating for the company in a report on Monday, October 16th. Finally, Peel Hunt lowered their target price on GKN plc from GBX 535 ($7.06) to GBX 500 ($6.60) and set a “buy” rating for the company in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 387.08 ($5.11).

Shares of GKN plc (GKN) traded up 1.36% on Monday, hitting GBX 320.70. 25,205,948 shares of the stock traded hands. GKN plc has a 12 month low of GBX 295.20 and a 12 month high of GBX 379.30. The company’s market cap is GBX 5.50 billion. The firm’s 50 day moving average is GBX 334.71 and its 200-day moving average is GBX 337.36.

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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.

Analyst Recommendations for GKN plc (LON:GKN)

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