GKN plc (GKN) Receives Average Rating of “Buy” from Brokerages
GKN plc (LON:GKN) has been given a consensus rating of “Buy” by the twenty brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 337.56 ($4.18).
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on GKN plc from GBX 379 ($4.69) to GBX 399 ($4.94) and gave the company an “overweight” rating in a research report on Wednesday, July 27th. BNP Paribas raised their target price on GKN plc from GBX 225 ($2.78) to GBX 235 ($2.91) and gave the company an “underperform” rating in a research report on Wednesday, July 13th. Berenberg Bank raised their target price on GKN plc from GBX 332 ($4.11) to GBX 346 ($4.28) and gave the company a “buy” rating in a research report on Monday, August 8th. Beaufort Securities restated a “buy” rating on shares of GKN plc in a research report on Wednesday, July 27th. Finally, Societe Generale restated a “hold” rating and set a GBX 310 ($3.84) target price on shares of GKN plc in a research report on Wednesday, July 27th.
GKN plc (LON:GKN) traded up 0.15% on Friday, hitting GBX 328.20. The stock had a trading volume of 3,252,054 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 5.63 billion. The firm’s 50 day moving average price is GBX 321.71 and its 200-day moving average price is GBX 293.61.
The firm 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. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.98%.
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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