Several other research firms have also weighed in on GKN. Peel Hunt lifted their price target on GKN plc from GBX 445 ($5.60) to GBX 475 ($5.98) and gave the company a buy rating in a research report on Tuesday, March 21st. Berenberg Bank lifted their price target on GKN plc from GBX 346 ($4.35) to GBX 400 ($5.03) and gave the company a buy rating in a research report on Friday, March 10th. Barclays PLC restated an overweight rating and set a GBX 390 ($4.91) price target on shares of GKN plc in a research report on Monday, March 20th. Deutsche Bank AG lifted their price target on GKN plc from GBX 369 ($4.64) to GBX 395 ($4.97) and gave the company a buy rating in a research report on Thursday, March 2nd. Finally, Beaufort Securities restated a buy rating on shares of GKN plc in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. GKN plc has a consensus rating of Buy and an average target price of GBX 368.69 ($4.64).
GKN plc (LON:GKN) opened at 350.60 on Tuesday. The firm’s market capitalization is GBX 6.00 billion. The firm has a 50-day moving average price of GBX 364.56 and a 200 day moving average price of GBX 337.30. GKN plc has a 52 week low of GBX 249.40 and a 52 week high of GBX 379.30.
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The firm also recently declared a dividend, which will be paid on Wednesday, May 17th. Stockholders of record on Thursday, April 6th will be paid a GBX 5.90 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 6th. This represents a dividend yield of 1.64%. This is a boost from GKN plc’s previous dividend of $2.95.
In other news, insider Kevin Cummings sold 18,279 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of GBX 360 ($4.53), for a total value of £65,804.40 ($82,824.92).
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. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.
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