Peel Hunt Reaffirms Buy Rating for GKN (GKN)

Peel Hunt reiterated their buy rating on shares of GKN (LON:GKN) in a research note released on Monday, January 22nd. The brokerage currently has a GBX 500 ($6.91) price objective on the stock.

Several other equities analysts have also commented on GKN. restated a buy rating and issued a GBX 445 ($6.15) price objective on shares of GKN in a report on Friday, September 29th. Deutsche Bank restated a buy rating and issued a GBX 395 ($5.46) price objective on shares of GKN in a report on Thursday, October 5th. JPMorgan Chase & Co. decreased their price objective on shares of GKN from GBX 428 ($5.91) to GBX 378 ($5.22) and set an overweight rating on the stock in a report on Monday, October 16th. Barclays restated an overweight rating and issued a GBX 370 ($5.11) price objective on shares of GKN in a report on Monday, October 16th. Finally, Numis Securities lowered shares of GKN to an add rating and set a GBX 380 ($5.25) price objective on the stock. in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 426.88 ($5.90).

GKN (GKN) traded up GBX 13.30 ($0.18) during trading on Monday, hitting GBX 411.30 ($5.68). 15,655,263 shares of the stock traded hands, compared to its average volume of 13,240,000. GKN has a twelve month low of GBX 2.95 ($0.04) and a twelve month high of GBX 449.46 ($6.21). The stock has a market cap of $6,990.00 and a PE ratio of 1,418.28.

ILLEGAL ACTIVITY NOTICE: “Peel Hunt Reaffirms Buy Rating for GKN (GKN)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/15/gkns-gkn-buy-rating-reaffirmed-at-peel-hunt.html.

GKN 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 (LON:GKN)

Receive News & Ratings for GKN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GKN and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply