GKN PLC (LON:GKN) “Buy” Rating Restated Today By Haitong Securities; The TP is GBX 365.00

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GKN PLC (LON:GKN) Rating Reaffirmed

In a note published this morning, Haitong Securities has reaffirmed their “Buy” rating on GKN PLC (LON:GKN) shares. The target would possibly suggest a possible upside of 21.75% from company’s last stock close price.

From a total of 19 analysts covering GKN PLC (LON:GKN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 360.89 with a 29.13% above today’s (GBX 299.7) stock price. GKN PLC was the topic of 63 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 18 with “Buy” rating. Liberum Capital maintained shares with “Hold” rating and GBX 300 target share price in a report from a November 11. UBS maintained GKN stock in a recent report from December 7 with “Buy” rating. Berenberg maintained the rating on November 4. Berenberg has a “Buy” rating and a GBX 370 price target on shares. Finally, Raymond James upgraded the stock to “Strong Buy” rating in a report issued on a November 16.

Approximately 259,905 shares of stock traded hands. GKN plc (LON:GKN) has declined 18.34% since May 21, 2015 and is downtrending. It has underperformed by 14.53% the S&P500.

GKN PLC (LON:GKN)

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 5.05 billion GBP. The Firm operates in four divisions: Aerospace, Driveline, Powder Metallurgy and Land Systems. It has 33.12 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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