J P Morgan Chase & Co Cuts GKN plc (GKN) Price Target to GBX 378

GKN plc (LON:GKN) had its price objective cut by J P Morgan Chase & Co from GBX 428 ($5.69) to GBX 378 ($5.02) in a report published on Monday. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on GKN. Liberum Capital reissued a sell rating and set a GBX 300 ($3.99) price target on shares of GKN plc in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reduced their price target on GKN plc from GBX 401 ($5.33) to GBX 384 ($5.10) and set a neutral rating on the stock in a research report on Wednesday, June 28th. Deutsche Bank AG reissued a buy rating on shares of GKN plc in a research report on Monday, July 10th. Barclays PLC reissued an overweight rating on shares of GKN plc in a research report on Tuesday, July 18th. Finally, BNP Paribas reaffirmed an underperform rating and issued a GBX 295 ($3.92) target price on shares of GKN plc in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. GKN plc currently has a consensus rating of Hold and a consensus price target of GBX 387.08 ($5.14).

Shares of GKN plc (LON:GKN) opened at 304.00 on Monday. The company has a 50-day moving average price of GBX 335.86 and a 200 day moving average price of GBX 339.23. GKN plc has a 52 week low of GBX 295.20 and a 52 week high of GBX 379.30. The firm’s market cap is GBX 5.21 billion.

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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. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.

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