Trade Report: The GKN plc (GKNLY) Research Coverage Started at Deutsche Bank AG

The GKN plc (GKNLY) Research Coverage Started at Deutsche Bank AG

Research analysts at Deutsche Bank AG started coverage on shares of GKN plc (NASDAQ:GKNLY) in a note issued to investors on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other research analysts also recently weighed in on GKNLY. Bank of America Corp. downgraded GKN plc from a “buy” rating to a “neutral” rating in a report on Tuesday, July 5th. Zacks Investment Research downgraded GKN plc from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Citigroup Inc. downgraded GKN plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 27th. Beaufort Securities restated a “buy” rating on shares of GKN plc in a research note on Wednesday, July 27th. Finally, HSBC initiated coverage on GKN plc in a research note on Thursday, October 6th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. GKN plc currently has an average rating of “Buy” and an average price target of $4.75.

Shares of GKN plc (NASDAQ:GKNLY) opened at 3.76 on Monday. GKN plc has a 52-week low of $3.17 and a 52-week high of $4.75. The firm has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00.

About GKN plc

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. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.

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