GKN Share Discussion Threads

[cockneyrebel] 27/11/2013 11:27

New highs

CR

[cockneyrebel] 26/11/2013 13:39

Breaking out to a new high.

CR

[davr0s] 25/11/2013 11:12

Yep good chance we are about to break out of the recent channel....

[philo124] 25/11/2013 10:35

Steady Progress.

[mechanical trader] 25/10/2013 09:54

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

[mechanical trader] 23/10/2013 13:33

23 Oct 2013 GKN PLC GKN RBC Capital Markets Sector Performer 369.80 368.80 - - Reiterates

[mechanical trader] 23/10/2013 10:32

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.

[mechanical trader] 23/10/2013 10:28

Broker Update.....

23 Oct 2013 GKN PLC GKN Societe Generale Buy 367.90 368.80 425.00 430.00 Reiterates

SP TARGET 430p.

[valedo] 23/10/2013 09:22

The top brass at GKN  are in China to celebrate the 25th anniversary of its first entry into the automotive market. The venture has just been renewed for another 50 years, the Chinese, as ever, thinking a long way ahead.

A year ago, more short-term influences were weighing on the shares. They fell after a trading statement shocked the market, with reference to the weak state of the European automotive market and the effect on a recent acqusition, the four-wheel drive business Getrag.

A year later, things look very different. The third-quarter trading statement this time confirmed a strong performance from the commercial aerospace side, in line with updates from others such as Senior this week.

This should come as no surprise, but Driveline, the automotive business, getting on for half of GKN, reported a 9 per cent rise in sales in the third quarter and a 41 per cent jump in trading profits. The rise in light vehicle production was especially strong in China and North America. The weakest side remains Land Systems, which serves construction and industrial markets that remain flat.

This summer GKN was reported to be looking at adding to its aerospace side with the purchase of a factory in Tulsa, Oklohoma, making aircraft wings. The company is saying nothing, but I suspect that this is not going to happen. The last purchase, the aerospace division of Volvo of Sweden, is bedding in and enhancing margins at the division; better no deal than a deal at the wrong price.

I chose GKN as one of my shares of the year because I felt that last autumn's statement had produced too negative a reaction. Up another 6¼p to 368¾p, they are 61 per cent ahead of the start of the year. I am not sure they have a lot further to go this year and investors might consider taking some profits. But on 13 times' earnings they remain an attractive prospect long-term.
Tempus, todays Times

[rogerrail] 22/10/2013 18:47

I am pretty confident the price should kick on from here on the back of good growth from a much enlarged aerospace business and market leading automotive products. The market I feel where constantly expecting a significant setback in automotive profits and it hasn't happend.

[mechanical trader] 22/10/2013 13:11

Details from UK-Analyst:

"Cantor Fitzgerald stuck with its "buy" recommendation on industrial manufacturer GKN (GKN) with a target price of 420p. The broker feels that there remains scope for GKN to continue to outperform end market growth rates and to expand margins.

Furthermore, the shares are currently trading significantly below Cantor's discount cash flow valuation, which stands at 464p.

[mechanical trader] 22/10/2013 13:02

Broker update......

22 Oct 2013 GKN PLC GKN Investec Buy 370.65 362.50 410.00 410.00 Reiterates

SP TARGET 410p.

[mechanical trader] 22/10/2013 13:02

Broker update......

22 Oct 2013 GKN PLC GKN Investec Buy 370.65 362.50 410.00 410.00 Reiterates

SP TARGET 410p.

[davr0s] 22/10/2013 12:48

How do you get a buy rating at 275p given the current price - how does that work?

[broadwood] 22/10/2013 12:10

Jefferies has kept its 'buy' rating and 275p target price for engineering giant GKN after the company's well-received quarterly results on Tuesday.

The broker said that in a seasonally weak third quarter, results have come in ahead of its expectations: "Apart from Land Systems, where there was an 8% organic decline in sales (1H13, -8%), everything else did pretty much what one might reasonably have expected against a trading backdrop somewhat stronger than that in 1H13, in our view."

Third-quarter sales rose to £1,865m to £1,608m the year before, ahead of Jefferies' forecast for £1,825m. Meanwhile, trading profits rose from £114m to £152m, compared with the £145m estimate.

The broker said: "We have dithered about revising our price target for GKN. Setting a price target appears to require us to formulate stances on both the micro and the macro backdrops. For now, all we would venture is that GKN's 3Q13 performance appears to be a step forward on the micro-front."

The stock was 2.21% higher at 370.5p by mid-morning on Tuesday.

[valedo] 22/10/2013 10:08

"rock solid hold"- yes, most definitely. Glad I got in at 1.10 !! Just wish I'd bought more at the time. Not thinking of selling though

[bigbertie] 22/10/2013 08:37

Good numbers, but more or less as expected so unlikely to get any big response in share price. However they confirm the view that GKN is a quality company with good long term growth prospects, so must be a rock solid hold IMHO.

[broadwood] 22/10/2013 08:14

Engineering business GKN said that, as expected, the third quarter saw a strong performance in Commercial Aerospace, while Military Aerospace and Spares showed a continuation of the weaker demand evidenced in the first half. Group sales totalled £1,865m, a 16% increase over the comparable period in 2012, including 6% organic growth, while profit for the quarter came in at £131m, up 34%. The third quarter trading profit increased to £152m (2012: £113m), with a trading margin of 8.2% (2012: 7.0%

[addison17] 22/10/2013 07:32

Yep, figures not bad at all.

[steeplejack] 22/10/2013 07:21

A price target that is very feasible given these figures.

[mechanical trader] 21/10/2013 08:11

Broker Update

2013 GKN PLC GKN Cantor Fitzgerald Buy 370.70 370.70 - 420.00 Retains

SP Target 420p.

[mechanical trader] 16/10/2013 01:16

Breakout on GKN and results due next week on the 22nd of October. One to watch for further gains.

[philo124] 15/10/2013 15:22

Nice move.

[lunarjim] 06/10/2013 23:03

latest from British Bulls - BUY (use t's instead of x's in hxxp)