GKN plc (GKN) Receives GBX 337.56 Average Price Target from Brokerages
Shares of GKN plc (LON:GKN) have been assigned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 337.56 ($4.11).
Several equities analysts recently weighed in on GKN shares. Numis Securities Ltd upgraded shares of GKN plc to a “buy” rating and set a GBX 390 ($4.75) price target for the company in a research report on Friday, September 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 399 ($4.86) price target on shares of GKN plc in a research report on Monday, August 22nd. Canaccord Genuity reduced their price target on shares of GKN plc from GBX 445 ($5.42) to GBX 370 ($4.51) and set a “buy” rating for the company in a research report on Friday, September 2nd. Panmure Gordon restated a “hold” rating and set a GBX 300 ($3.66) price target on shares of GKN plc in a research report on Friday, September 23rd. Finally, HSBC started coverage on shares of GKN plc in a research report on Thursday, October 6th. They set a “buy” rating and a GBX 395 ($4.81) price target for the company.
GKN plc (LON:GKN) opened at 326.00 on Friday. The company’s market capitalization is GBX 5.59 billion. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90. The firm has a 50-day moving average of GBX 322.76 and a 200 day moving average of GBX 294.25.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Investors of record on Thursday, August 11th were given a GBX 2.95 ($0.04) dividend. This represents a dividend yield of 0.98%. The ex-dividend date was Thursday, August 11th.
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. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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