Shares of GKN plc (LON:GKN) have been given a consensus rating of “Buy” by the twenty ratings firms that are presently covering the firm. 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 assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 337.56 ($4.18).
A number of equities research analysts recently weighed in on GKN shares. Panmure Gordon reissued a “hold” rating and set a GBX 300 ($3.71) price target on shares of GKN plc in a research note on Friday, September 23rd. Barclays PLC boosted their price target on shares of GKN plc from GBX 335 ($4.15) to GBX 345 ($4.27) and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Citigroup Inc. downgraded shares of GKN plc to a “neutral” rating and set a GBX 315 ($3.90) price target for the company. in a research note on Wednesday, July 27th. Beaufort Securities reissued a “buy” rating on shares of GKN plc in a research note on Wednesday, July 27th. Finally, HSBC started coverage on shares of GKN plc in a research note on Thursday, October 6th. They set a “buy” rating and a GBX 395 ($4.89) price target for the company.
Shares of GKN plc (LON:GKN) opened at 327.50 on Friday. The firm’s market cap is GBX 5.62 billion. GKN plc has a 52 week low of GBX 245.80 and a 52 week high of GBX 339.90. The firm’s 50 day moving average is GBX 321.71 and its 200-day moving average is GBX 293.61.
The company also recently declared a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were paid a GBX 2.95 ($0.04) dividend. This represents a yield of 0.98%. The ex-dividend date was Thursday, August 11th.
About GKN plc
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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