Analyst Research Report Snapshot

Title:

GKN - RESTRUCTURED AND READY

Price:

$10.00

Provider:

Edison Investment Research

Date:

26 Feb 2010

Pages:

2

Type:

AcrobatPDF

Companies referenced:

GKN.L

Available for Immediate Download
Summary:

The swift, decisive action undertaken during 2009 has positioned GKN not only to manage current difficult trading conditions, but also for the future recovery in its end markets. With the group’s plans based on more bearish assumptions than industry forecasts, we feel that GKN has the potential to steadily outperform consensus estimates throughout the year. If such assumptions do prove to be correct, the cost base is now at a level to manage those issues without a severe impact on forecasts. As a result, we feel that the current rating of 12.2x CY10 EPS, falling to 7.8x CY11 EPS does not fully reflect the competitive position and upgrade potential of the stock.

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