GKN plc (GKN) Coverage Initiated by Analysts at HSBC
Stock analysts at HSBC started coverage on shares of GKN plc (LON:GKN) in a research report issued on Thursday. The brokerage set a “buy” rating and a GBX 395 ($5.16) price target on the stock. HSBC’s price target would suggest a potential upside of 19.26% from the stock’s current price.
A number of other equities research analysts have also commented on GKN. Canaccord Genuity decreased their price target on GKN plc from GBX 445 ($5.81) to GBX 370 ($4.83) and set a “buy” rating on the stock in a research report on Friday, September 2nd. JPMorgan Chase & Co. increased their price target on GKN plc from GBX 379 ($4.95) to GBX 399 ($5.21) and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Numis Securities Ltd restated an “add” rating and set a GBX 325 ($4.24) price target on shares of GKN plc in a research report on Friday, August 12th. Goldman Sachs Group Inc. increased their price target on GKN plc from GBX 290 ($3.79) to GBX 311 ($4.06) and gave the stock a “neutral” rating in a research report on Friday, August 19th. Finally, Societe Generale restated a “hold” rating and set a GBX 310 ($4.05) price target on shares of GKN plc in a research report on Wednesday, July 27th. 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 337.56 ($4.41).
Shares of GKN plc (LON:GKN) opened at 337.70 on Thursday. The company’s market cap is GBX 5.79 billion. The firm’s 50-day moving average price is GBX 317.74 and its 200 day moving average price is GBX 291.41. GKN plc has a 52 week low of GBX 245.80 and a 52 week high of GBX 339.90.
The business also recently declared a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were paid a GBX 2.95 ($0.04) dividend. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 11th.
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.
Receive News & Ratings for GKN plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GKN plc and related companies with MarketBeat.com's FREE daily email newsletter.