Broker Updates on GKN 25 Oct 2013 GKN PLC GKN Cantor Fitzgerald Buy 373.30 376.20 420.00 430.00 Retains 25 Oct 2013 GKN PLC GKN Credit Suisse Outperform 373.30 376.20 395.00 395.00 Reiterates
23 Oct '13
Broker Update For GKN
GKN’s Buy Rating Reaffirmed at UBS AG (GKN) Posted by Tammy Falkenburg on Oct 22nd, 2013 // No Comments UBS AG reiterated their buy rating on shares of GKN (LON:GKN) in a research report sent to investors on Friday morning, Stock Ratings Network reports. The firm currently has a GBX 400 ($6.47) price target on the stock. UBS AG has also taken action a number of other stocks recently. The firm raised its price target on shares of Koninklijke Philips Electronics from $25.00 to $28.50. They have a buy rating on that stock. Also, UBS AG downgraded shares of China Mobile Ltd. from a neutral rating to a sell rating. Finally, UBS AG downgraded shares of ArcelorMittal from a neutral rating to a sell rating. They noted that the move was a valuation call. Shares of GKN (LON:GKN) traded up 1.74% on Friday, hitting GBX 368.80. 7,612,995 shares of the company’s stock traded hands. GKN has a 52-week low of GBX 201.00 and a 52-week high of GBX 370.70. The stock has a 50-day moving average of GBX 350.6 and a 200-day moving average of GBX 317.2. The company’s market cap is £5.977 billion. Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a buy rating on shares of GKN in a research note to investors on Friday. They now have a GBX 420 ($6.79) price target on the stock. Separately, analysts at Societe Generale reiterated a buy rating on shares of GKN in a research note to investors on Thursday, October 17th. They now have a GBX 425 ($6.87) price target on the stock. Finally, analysts at RBC Capital reiterated a sector performer rating on shares of GKN in a research note to investors on Thursday, October 10th. They now have a GBX 365 ($5.90) price target on the stock, up previously from GBX 290 ($4.69). Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 346.21 ($5.60). 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.
......Rolls Royce announced yesterday they were not going to proceed with UTC Pratt and Whitney medium engine jv for 130-250 seat jet airliners.....This throws up the possibility of GKN Volvo being Rolls partner in medium jet engines....Reg
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