Reaffirmed: Gkn (LON:GKN) Buy Rating Has Been Reiterated at UBS; GBX 355.00 Target in Place

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Gkn (LON:GKN) Rating Reaffirmed

Gkn (LON:GKN) just had their share rating of a ‘Buy’ issued by research analysts at UBS, who now has a GBX 355.00 PT on the 5.09 billion GBP market cap company or a 19.33% upside potential. This key information was shown in a comprehensive report on Monday, 7 December.

From a total of 18 analysts covering GKN PLC (LON:GKN) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 265. The mean of all analyst targets is GBX 359.44 with a 30.65% above today’s (GBX 297.1) stock price. GKN PLC was the topic of 59 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 30 with “Outperform” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 375 target share price in a report from a November 4. Raymond James upgraded GKN stock in a recent report from November 16 to “Strong Buy” rating. JP Morgan maintained the rating on October 28. JP Morgan has a “Overweight” rating and a GBX 380 price target on shares. Finally, Berenberg maintained the stock with “Buy” rating in a report issued on a November 4.

Approximately 1.94M shares of stock traded hands. GKN plc (LON:GKN) has declined 17.28% since May 8, 2015 and is downtrending. It has underperformed by 16.20% the S&P500.

Reaffirmed: Gkn (LON:GKN) Buy Rating Has Been Reiterated at UBS; GBX 355.00 Target in Place

GKN plc is a global engineering company, engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The company has a market cap of 5.09 billion GBP. The Firm operates in four divisions: Aerospace, Driveline, Powder Metallurgy and Land Systems. It has 32.83 P/E ratio. The Company’s Aerospace segment is a supplier of aerostructures and engine products and systems to aerospace industry.

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