Trading Report: The GKN plc (GKNLY) Earns Buy Rating from Analysts at HSBC

The GKN plc (GKNLY) Earns Buy Rating from Analysts at HSBC

HSBC initiated coverage on shares of GKN plc (NASDAQ:GKNLY) in a report issued on Thursday. The firm issued a buy rating on the stock.

GKNLY has been the subject of several other reports. Zacks Investment Research cut shares of GKN plc from a hold rating to a sell rating in a report on Thursday, July 7th. Citigroup Inc. cut shares of GKN plc from a buy rating to a neutral rating in a report on Wednesday, July 27th. Goldman Sachs Group Inc. cut shares of GKN plc from a buy rating to a neutral rating in a report on Monday, June 27th. Bank of America Corp. lowered shares of GKN plc from a buy rating to a neutral rating in a research note on Tuesday, July 5th. Finally, Beaufort Securities reiterated a buy rating on shares of GKN plc in a research note on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $4.75.

Shares of GKN plc (NASDAQ:GKNLY) opened at 3.98 on Thursday. The stock has a market capitalization of $6.83 billion and a PE ratio of 27.26. GKN plc has a 52 week low of $3.36 and a 52 week high of $4.75. The company’s 50 day moving average is $4.13 and its 200-day moving average is $4.04.

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