Several other equities analysts have also issued reports on the company. Bank of America Corp. lowered GKN plc from a buy rating to a neutral rating in a research note on Tuesday, July 5th. Zacks Investment Research raised GKN plc from a hold rating to a buy rating and set a $4.75 price target on the stock in a research note on Monday, September 12th. Beaufort Securities restated a buy rating on shares of GKN plc in a report on Wednesday, July 27th. Goldman Sachs Group Inc. downgraded GKN plc from a buy rating to a neutral rating in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. restated an overweight rating on shares of GKN plc in a report on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $4.75.
Shares of GKN plc (NASDAQ:GKNLY) traded down 1.32% during midday trading on Thursday, reaching $4.11. The company’s stock had a trading volume of 64,620 shares. The firm has a 50-day moving average of $4.13 and a 200-day moving average of $4.04. GKN plc has a one year low of $3.36 and a one year high of $4.75. The stock has a market cap of $7.05 billion and a PE ratio of 27.40.
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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