Several other brokerages also recently commented on GKN. Canaccord Genuity lowered their target price on shares of GKN plc from GBX 445 ($5.81) to GBX 370 ($4.83) and set a buy rating for the company in a research note on Friday, September 2nd. Panmure Gordon reaffirmed a hold rating and issued a GBX 300 ($3.92) target price on shares of GKN plc in a research note on Friday, September 23rd. Numis Securities Ltd raised shares of GKN plc to a buy rating and set a GBX 390 ($5.09) target price for the company in a research note on Friday, September 23rd. Goldman Sachs Group Inc. increased their price objective on shares of GKN plc from GBX 290 ($3.79) to GBX 311 ($4.06) and gave the stock a neutral rating in a research report on Friday, August 19th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 399 ($5.21) price objective on shares of GKN plc in a research report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 337.56 ($4.41).
GKN plc (LON:GKN) traded up 0.30% during midday trading on Thursday, hitting GBX 334.00. 6,409,880 shares of the company traded hands. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90. The firm’s market capitalization is GBX 5.73 billion. The stock’s 50-day moving average is GBX 318.42 and its 200-day moving average is GBX 291.70.
The firm also recently declared a dividend, which was paid on Monday, September 19th. Investors of record on Thursday, August 11th were given a dividend of GBX 2.95 ($0.04) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 11th.
GKN plc Company Profile
GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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