GKN plc (GKN) Now Covered by Analysts at HSBC
Several other analysts also recently issued reports on the company. Numis Securities Ltd upgraded GKN plc to a buy rating and set a GBX 390 ($5.09) price target for the company in a report on Friday, September 23rd. Panmure Gordon reiterated a hold rating and issued a GBX 300 ($3.92) price target on shares of GKN plc in a report on Friday, September 23rd. Canaccord Genuity lowered their price target 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. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 399 ($5.21) price target on shares of GKN plc in a report on Monday, August 22nd. Finally, Goldman Sachs Group Inc. increased their price target on GKN plc from GBX 290 ($3.79) to GBX 311 ($4.06) and gave the company a neutral rating in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 337.56 ($4.41).
GKN plc (LON:GKN) traded up 0.30% during mid-day trading on Thursday, hitting GBX 334.00. The stock had a trading volume of 6,409,880 shares. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90. The firm’s market cap is GBX 5.73 billion. The company has a 50-day moving average of GBX 318.42 and a 200-day moving average of GBX 291.70.
The firm also recently disclosed a dividend, which was paid on Monday, September 19th. Investors 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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