Analysts at RBC Capital Markets Reiterate their Past ‘”Outperform”’ rating on Shares GKN (LON:GKN), Set a GBX 335 Target Price

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GKN (LON:GKN) Rating Reaffirmed

London: In an analyst research report sent to clients and investors on 8 December, RBC Capital Markets has restated their “Outperform” rating on GKN (LON:GKN) shares. They now have a GBX 335 TP on the firm. RBC Capital Markets’s target indicates a potential upside of 13.67% from the company’s last stock close price.

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 32.93% above today’s (GBX 292) stock price. GKN PLC was the topic of 60 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 7 with “Buy” rating. Berenberg maintained shares with “Buy” rating and GBX 370 target share price in a report from a November 4. Credit Suisse maintained GKN stock in a recent report from November 24 with “Outperform” rating. Panmure Gordon maintained the rating on November 4. Panmure Gordon has a “Buy” rating and a GBX 375 price target on shares. Finally, Liberum Capital maintained the stock with “Hold” rating in a report issued on a November 11.

Approximately 907,034 shares of stock traded hands. GKN plc (LON:GKN) has declined 16.34% since May 11, 2015 and is downtrending. It has underperformed by 15.75% the S&P500.

Analysts at RBC Capital Markets Reiterate their Past ‘

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 4.96 billion GBP. The Firm operates in four divisions: Aerospace, Driveline, Powder Metallurgy and Land Systems. It has 32.27 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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