Brokerages Set GKN plc (GKN) PT at $434.81
Shares of GKN plc (LON:GKN) have received an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 436.69 ($6.03).
GKN has been the subject of a number of recent research reports. Numis Securities upgraded shares of GKN to an “add” rating and set a GBX 480 ($6.63) price target for the company in a report on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 378 ($5.22) price target on shares of GKN in a report on Thursday, December 7th. Citigroup reiterated a “neutral” rating and set a GBX 455 ($6.29) price target on shares of GKN in a report on Monday, March 12th. Deutsche Bank reiterated a “buy” rating and set a GBX 395 ($5.46) price target on shares of GKN in a report on Monday, December 4th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 500 ($6.91) price target on shares of GKN in a report on Friday, March 2nd.
In related news, insider Phil Swash sold 27,150 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of GBX 433 ($5.98), for a total value of £117,559.50 ($162,419.87).
The business also recently announced a dividend, which will be paid on Monday, May 14th. Investors of record on Thursday, April 5th will be issued a GBX 6.20 ($0.09) dividend. This represents a yield of 1.43%. This is an increase from GKN’s previous dividend of $3.10. The ex-dividend date is Thursday, April 5th.
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GKN 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. 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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