GKN Given New GBX 350 Price Target at UBS AG (GKN)

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Stock analysts at UBS AG boosted their price objective on shares of GKN (LON: GKN) from GBX 275 ($4.17) to GBX 350 ($5.31) in a report issued on Tuesday, ARN reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 11.68% from the stock’s previous close.

Shares of GKN (LON: GKN) traded down 2.04% during mid-day trading on Tuesday, hitting GBX 307.00. GKN has a 52 week low of GBX 167.786 and a 52 week high of GBX 314.90. The stock’s 50-day moving average is currently GBX 0.. The company’s market cap is £5.002 billion.

GKN has been the subject of a number of other recent research reports. Analysts at Arden Partners Ltd reiterated a “neutral” rating on shares of GKN in a research note to investors on Monday. They now have a GBX 300 ($4.55) price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of GKN from GBX 268 ($4.07) to GBX 322 ($4.89) in a research note to investors on Thursday, May 30th. They now have a “neutral” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of GKN in a research note to investors on Tuesday, May 28th. They now have a GBX 260 ($3.95) price target on the stock.

Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 294.02 ($4.46).

GKN plc is a holding company. The Company is a global engineering group. The Company operates in four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems.

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