JPMorgan Chase & Co. reiterated their overweight rating on shares of GKN plc (LON:GKN) in a research report report published on Tuesday. They currently have a GBX 399 ($4.86) price objective on the stock.
GKN has been the topic of a number of other reports. Canaccord Genuity lowered their price target on shares of GKN plc from GBX 445 ($5.42) to GBX 370 ($4.51) and set a buy rating on the stock in a research report on Friday, September 2nd. Numis Securities Ltd reaffirmed an add rating and set a GBX 325 ($3.96) price target on shares of GKN plc in a research report on Friday, August 12th. Goldman Sachs Group Inc. raised their target price on shares of GKN plc from GBX 290 ($3.53) to GBX 311 ($3.79) and gave the company a neutral rating in a report on Friday, August 19th. Societe Generale reissued a hold rating and issued a GBX 310 ($3.78) target price on shares of GKN plc in a report on Wednesday, July 27th. Finally, BNP Paribas raised their target price on shares of GKN plc from GBX 235 ($2.86) to GBX 240 ($2.93) and gave the company an underperform rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 337.56 ($4.11).
Shares of GKN plc (LON:GKN) opened at 326.80 on Tuesday. The company has a 50-day moving average of GBX 322.76 and a 200-day moving average of GBX 294.25. The company’s market cap is GBX 5.61 billion. GKN plc has a 1-year low of GBX 245.80 and a 1-year high of GBX 339.90.
The business also recently announced 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. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 0.98%.
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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