Investment analysts at HSBC began coverage on shares of GKN plc (OTCMKTS:GKNLY) in a research note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage set a “buy” rating on the stock.
A number of other research analysts also recently issued reports on the stock. Citigroup Inc. downgraded shares of GKN plc from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. downgraded shares of GKN plc from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy”.
GKN plc (OTCMKTS:GKNLY) opened at 4.11 on Thursday. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 27.77 and a beta of 1.47. GKN plc has a 52-week low of $3.36 and a 52-week high of $4.75. The company’s 50 day moving average is $4.13 and its 200-day moving average is $4.04.
GKN plc 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. 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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