GKN plc’s (GKN) “Buy” Rating Reaffirmed at HSBC Holdings plc
Several other brokerages have also issued reports on GKN. Liberum Capital reaffirmed a sell rating and issued a GBX 300 ($3.98) target price on shares of GKN plc in a research note on Tuesday, June 6th. J P Morgan Chase & Co reissued an overweight rating on shares of GKN plc in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) decreased their price target on shares of GKN plc from GBX 401 ($5.32) to GBX 384 ($5.09) and set a neutral rating on the stock in a research note on Wednesday, June 28th. Deutsche Bank AG restated a buy rating on shares of GKN plc in a report on Monday, July 10th. Finally, Barclays PLC restated an overweight rating on shares of GKN plc in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 401.31 ($5.32).
Shares of GKN plc (LON:GKN) opened at 348.40 on Friday. The stock’s 50 day moving average price is GBX 329.65 and its 200 day moving average price is GBX 341.60. The company’s market capitalization is GBX 5.97 billion. GKN plc has a 12-month low of GBX 295.20 and a 12-month high of GBX 379.30.
The firm also recently declared a dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 10th were given a dividend of GBX 3.10 ($0.04) per share. This represents a 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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