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.