GKN plc’s (GKN) “Buy” Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of GKN plc (LON:GKN) in a research note issued to investors on Thursday morning. The firm currently has a GBX 395 ($5.24) target price on the stock.
A number of other brokerages also recently commented on GKN. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 410 ($5.44) target price on shares of GKN plc in a research note on Monday, July 3rd. BNP Paribas reaffirmed an underperform rating and set a GBX 295 ($3.91) target price on shares of GKN plc in a research note on Tuesday, July 18th. Barclays PLC reaffirmed an overweight rating and set a GBX 390 ($5.17) target price (down from GBX 400 ($5.31)) on shares of GKN plc in a research note on Thursday, September 21st. Canaccord Genuity downgraded shares of GKN plc to a hold rating and set a GBX 550 ($7.30) target price on the stock. in a research note on Friday, September 8th. Finally, HSBC Holdings plc reaffirmed a buy rating and set a GBX 445 ($5.90) target price on shares of GKN plc in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 401.31 ($5.32).
Shares of GKN plc (GKN) traded up 0.51% during mid-day trading on Thursday, hitting GBX 356.30. 4,376,390 shares of the stock traded hands. The company’s market cap is GBX 6.11 billion. GKN plc has a 12 month low of GBX 295.20 and a 12 month high of GBX 379.30. The firm has a 50 day moving average of GBX 333.23 and a 200 day moving average of GBX 341.71.
The firm also recently declared a dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 10th were given a GBX 3.10 ($0.04) dividend. The ex-dividend date was Thursday, August 10th. This represents a yield of 0.94%.
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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