GKN plc (OTCMKTS:GKNLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, AnalystRatings.Net reports.

According to Zacks, “GKN plc operates as an engineering business serving the automotive, industrial, off-highway, and aerospace markets. It sells its products primarily to vehicle and aircraft manufacturers as well as, in Aerospace, to other tier one suppliers. It operates in four different business areas. Automotive segment supplies driveshaft, geared components, torque management devices, structural and engine components and substrates for catalytic converters. Powder Metallurgy segment produces powdered metal and sintered components for automotive and other industrial customers. OffHighway segment mainly designs and manufactures steel wheels and driveline products for the agricultural, construction and mining, and industrial machinery markets. Aerospace segment’ activities are concentrated on the production of airframe and engine structures, components and assemblies for both military and civil aerospace markets. GKN plc is headquartered in Redditch, the United Kingdom. “

A number of other equities analysts have also weighed in on GKNLY. Credit Suisse lowered GKN plc from an “outperform” rating to a “neutral” rating in a research note on Monday. Goldman Sachs initiated coverage on GKN plc in a research report on Thursday, December 17th. They issued a “buy” rating on the stock. BNP Paribas reiterated an “outperform” rating on shares of GKN plc in a research report on Monday, October 26th. Beaufort Securities reiterated a “buy” rating on shares of GKN plc in a research report on Friday, October 23rd. Finally, Canaccord Genuity reiterated a “buy” rating on shares of GKN plc in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy”.

GKN plc (OTCMKTS:GKNLY) opened at 4.22 on Tuesday. The firm has a 50-day moving average of $4.40 and a 200 day moving average of $4.50. The firm has a market cap of $6.95 billion and a P/E ratio of 32.97. GKN plc has a 1-year low of $3.93 and a 1-year high of $6.03.

GKN plc is a global engineering company, engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: Aerospace, Driveline, Powder Metallurgy and Land Systems. Its Aerospace segment is a supplier of aerostructures and engine products and systems to aerospace industry. Its Driveline is a supplier of automotive driveline systems and solutions to the vehicle manufacturers. Its Powder Metallurgy is a manufacturer of sintered components and a producer of metal powder. Its Land Systems is a supplier of power management products and services for agricultural, construction, mining and industrial equipment. Its other businesses comprise GKN Zhongyuan Cylinder Liner Co Ltd, which manufactures engine liners for the truck market in the United States, Europe and China; GKN EVO eDrive Systems Ltd, which is a developer of axial flux motors, and GKN Hybrid Power Limited, which offers fuel-saving solutions.

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