GKN plc (GKN) Rating Reiterated by J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of GKN plc (LON:GKN) in a research report report published on Friday. The firm currently has a GBX 428 ($5.77) price target on the stock.
GKN has been the subject of several other research reports. Peel Hunt lifted their price target on GKN plc from GBX 475 ($6.40) to GBX 535 ($7.21) and gave the stock a buy rating in a research report on Tuesday, August 29th. Barclays PLC lifted their price target on GKN plc from GBX 390 ($5.26) to GBX 400 ($5.39) and gave the stock an overweight rating in a research report on Friday, August 18th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 395 ($5.33) price target on shares of GKN plc in a research report on Monday, August 7th. Beaufort Securities reaffirmed a buy rating on shares of GKN plc in a research report on Thursday, July 27th. Finally, Numis Securities Ltd reaffirmed a buy rating and issued a GBX 420 ($5.66) price target on shares of GKN plc in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 392.13 ($5.29).
Shares of GKN plc (LON GKN) opened at 347.60 on Friday. The stock’s market cap is GBX 5.96 billion. GKN plc has a one year low of GBX 295.20 and a one year high of GBX 379.30. The stock has a 50 day moving average of GBX 323.32 and a 200 day moving average of GBX 343.76.
The firm also recently declared a dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 10th were given a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 0.94%. The ex-dividend date was Thursday, August 10th.
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. 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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