Goldman Sachs Group Inc. Reaffirms Neutral Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “neutral” rating reissued by research analysts at Goldman Sachs Group Inc. in a report issued on Thursday. They presently have a GBX 334 ($4.14) price target on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 7.78% from the stock’s current price.
Several other analysts have also recently commented on the company. Numis Securities Ltd reissued a “buy” rating and issued a GBX 390 ($4.84) price target on shares of GKN plc in a report on Wednesday, October 26th. Societe Generale reissued a “hold” rating and issued a GBX 310 ($3.85) price target on shares of GKN plc in a report on Wednesday, October 26th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 399 ($4.95) price target on shares of GKN plc in a report on Wednesday, October 26th. Beaufort Securities reissued a “buy” rating on shares of GKN plc in a report on Wednesday, October 26th. Finally, Barclays PLC raised their price target on GKN plc from GBX 345 ($4.28) to GBX 365 ($4.53) and gave the company an “overweight” rating in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 339.94 ($4.22).
GKN plc (LON:GKN) opened at 309.90 on Thursday. The firm’s market cap is GBX 5.32 billion. The firm’s 50-day moving average price is GBX 315.18 and its 200-day moving average price is GBX 299.71. GKN plc has a 1-year low of GBX 245.80 and a 1-year high of GBX 339.90.
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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. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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