Zacks Investment Research upgraded shares of GKN (OTCMKTS:GKNLY) from a hold rating to a buy rating in a research report sent to investors on Friday, March 16th. They currently have $6.75 target price on the stock.
According to Zacks, “GKN plc operates as an engineering business serving the automotive, industrial, off-highway, and aerospace markets. It sells its products primarily to vehicle and aircraft manufacturers as well as, in Aerospace, to other tier one suppliers. It operates in four different business areas. Automotive segment supplies driveshaft, geared components, torque management devices, structural and engine components and substrates for catalytic converters. Powder Metallurgy segment produces powdered metal and sintered components for automotive and other industrial customers. OffHighway segment mainly designs and manufactures steel wheels and driveline products for the agricultural, construction and mining, and industrial machinery markets. Aerospace segment’ activities are concentrated on the production of airframe and engine structures, components and assemblies for both military and civil aerospace markets. GKN plc is headquartered in Redditch, the United Kingdom. “
Separately, Numis Securities cut shares of GKN from a buy rating to a hold rating in a research note on Monday, January 15th.
Shares of GKNLY traded down $0.07 during trading hours on Friday, hitting $5.87. The stock had a trading volume of 38,979 shares, compared to its average volume of 366,758. GKN has a fifty-two week low of $3.86 and a fifty-two week high of $6.50. The stock has a market cap of $10,089.60, a P/E ratio of 13.98, a P/E/G ratio of 2.72 and a beta of 1.52.
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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.
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