Research analysts at Nomura increased their target price on shares of GKN (LON: GKN) from $3.71 (245 GBX) to $3.94 (260 GBX) in a report released on Wednesday. The firm currently has a “neutral” rating on the stock.
GKN traded up 1.11% on Wednesday, hitting GBX 264.20. GKN has a 52-week low of GBX 167.786 and a 52-week high of GBX 267.00. The stock’s 50-day moving average is currently GBX 221.7. The company’s market cap is £4.293 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase cut their price target on shares of GKN from $4.02 to $3.94 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of GKN in a research note to investors on Wednesday. They now have a $3.94 price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of GKN in a research note to investors on Tuesday. They now have a $5.31 price target on the stock.
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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