GKN (GKN) Rating Reiterated by Numis Securities

GKN (LON:GKN)‘s stock had its “buy” rating reiterated by Numis Securities in a report issued on Tuesday. They presently have a GBX 370 ($4.98) target price on the stock. Numis Securities’ price objective suggests a potential upside of 25.80% from the stock’s previous close.

GKN has been the topic of a number of other research reports. Peel Hunt restated a “buy” rating and issued a GBX 535 ($7.20) target price on shares of GKN in a research note on Monday, October 9th. Deutsche Bank restated a “buy” rating and issued a GBX 395 ($5.32) target price on shares of GKN in a research note on Thursday, October 5th. Barclays restated an “overweight” rating and issued a GBX 390 ($5.25) target price (down previously from GBX 400 ($5.38)) on shares of GKN in a research note on Thursday, September 21st. restated a “buy” rating and issued a GBX 445 ($5.99) target price on shares of GKN in a research note on Friday, September 29th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 428 ($5.76) price target on shares of GKN in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 395.75 ($5.33).

Shares of GKN (GKN) traded down GBX 3.63 ($0.05) during trading hours on Tuesday, reaching GBX 294.13 ($3.96). The company had a trading volume of 2,163,288 shares, compared to its average volume of 9,710,000. GKN has a 12 month low of GBX 2.95 ($0.04) and a 12 month high of GBX 379.30 ($5.10).

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About GKN

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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