GKN plc (GKN) Upgraded by Numis Securities Ltd to Buy

Numis Securities Ltd upgraded shares of GKN plc (LON:GKN) to a buy rating in a report published on Friday morning. They currently have GBX 390 ($5.09) price objective on the stock.

Analyst Recommendations for GKN plc (LON:GKN)

A number of other research firms have also issued reports on GKN. Canaccord Genuity reduced their target price on GKN plc from GBX 445 ($5.81) to GBX 370 ($4.83) and set a buy rating for the company in a report on Friday, September 2nd. Panmure Gordon reaffirmed a hold rating and issued a GBX 300 ($3.92) price target on shares of GKN plc in a research note on Friday. Goldman Sachs Group Inc. upped their price target 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 note on Friday, August 19th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 399 ($5.21) price target on shares of GKN plc in a research note on Monday, August 22nd. Finally, Beaufort Securities reaffirmed a buy rating on shares of GKN plc in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 334.18 ($4.36).

GKN plc (LON:GKN) traded up 0.0697% on Friday, hitting GBX 323.4253. The company had a trading volume of 5,271,001 shares. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90. The stock’s market cap is GBX 5.55 billion. The firm’s 50 day moving average price is GBX 313.18 and its 200 day moving average price is GBX 289.06.

The company also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were paid a GBX 2.95 ($0.04) dividend. This represents a dividend 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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