GKN...... Very Impressive list of Broker updates over the last couple of days since the companys results........... Date Broker Rec. Price Old target price New target price Notes 25 Feb 15 Societe Generale Hold 366.15 400.00 400.00 25 Feb 15 Credit Suisse Outperform 366.15 410.00 410.00 25 Feb 15 Exane BNP Paribas Outperform 366.15 380.00 380.00 25 Feb 15 JP Morgan Cazenove Overweight 366.15 394.00 426.00 25 Feb 15 Liberum Capital Buy 366.15 440.00 425.00 24 Feb 15 Canaccord Genuity Buy 366.15 500.00 500.00 24 Feb 15 Numis Hold 366.15 400.00 400.00 24 Feb 15 Cantor Fitzgerald Buy 366.15 405.00 405.00 24 Feb 15 Liberum Capital Buy 366.15 440.00 440.00
GKN Broker Updates.......
<b>Liberum Capital Reiterates “Buy” Rating for GKN plc (GKN)</b> February 25th, 2015 GKN plc (LON:GKN)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report released on Tuesday. They currently have a GBX 440 ($6.77) target price on the stock. Liberum Capital’s price target indicates a potential upside of 13.99% from the company’s currentprice. Shares of GKN plc (LON:GKN) opened at 376.90 on Tuesday. GKN plc has a 1-year low of GBX 281.10 and a 1-year high of GBX 468.00. The stock has a 50-day moving average of GBX 366.6 and a 200-day moving average of GBX 340.9. The company’s market cap is £6.158 billion. Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating and set a GBX 405 ($6.23) price target on shares of GKN plc in a research note on Tuesday. Analysts at Credit Suisse reiterated an “outperform” rating and set a GBX 410 ($6.31) price target on shares of GKN plc in a research note on Thursday, February 19th. Analysts at RBC Capital reiterated an “underperform” rating and set a GBX 340 ($5.23) price target on shares of GKN plc in a research note on Thursday, February 19th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 394 ($6.06) price target on shares of GKN plc in a research note on Thursday, February 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. GKN plc presently has a consensus rating of “Buy” and a consensus price target of GBX 385.78 ($5.93). GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN). The Company’s division includes GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems. GKN Aerospace is a supplier of airframe and engine structures, components, assemblies and transparencies to a range of aircraft and engine prime contractors and other first tier suppliers.
25 Feb '15
FT on GKN
Happy torque: GKN aspires to be duller. That may seem odd, given that this £6 billion FTSE 100 engineer attracts little notice in the first place. The kit GKN makes to transmit rotary power has the functional beauty of a nautilus shell or a finch’s beak and is used across the automotive business. But products such as the constant velocity joint are hidden in the innards of your jalopy. The maturity of the business is reflected in profits linked to world economies and move only marginally most years. While pretax profits for 2014 crashed misleadingly due to non-cash revaluation of hedges, underlying earnings rose just 4%. Cyclicality makes GKN a risk-on/risk-off trade for short-term investors. Shares in the company have risen 35% since October, as markets have rallied. The company, headquartered in the throbbing metropolis that is Redditch, would prefer a less volatile pattern driven more heavily by self-generated growth. Hence a push into aerospace, which now generates almost as much profit as automotive.
24 Feb '15
Wait then buy
In my view this share got a bit ahead of itself in the run up to the results. I really like GKN but I would prefer to be buying around 360 if possible. My concerns are their interests in Russia and the depreciating Euro but I think most of that is in the price now. I would be looking to buy when the market and/or GKN has a bad day.
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