GKN plc (GKN) Given Overweight Rating at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of GKN plc (LON:GKN) in a research note issued to investors on Monday morning. Barclays PLC currently has a GBX 390 ($5.08) target price on the stock.
A number of other equities analysts have also recently issued reports on the company. Liberum Capital reiterated a sell rating and issued a GBX 300 ($3.91) price objective on shares of GKN plc in a report on Friday. Numis Securities Ltd reiterated a buy rating and issued a GBX 420 ($5.47) price objective on shares of GKN plc in a report on Thursday, July 27th. Beaufort Securities reiterated a buy rating on shares of GKN plc in a report on Thursday, July 27th. BNP Paribas reiterated an underperform rating and issued a GBX 295 ($3.84) price objective on shares of GKN plc in a report on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a buy rating on shares of GKN plc in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. GKN plc currently has an average rating of Buy and a consensus price target of GBX 376.93 ($4.91).
GKN plc (LON GKN) traded up 0.80% during trading on Monday, reaching GBX 327.70. The company’s stock had a trading volume of 2,205,175 shares. GKN plc has a 52-week low of GBX 295.20 and a 52-week high of GBX 379.30. The company’s market cap is GBX 5.62 billion. The stock has a 50-day moving average price of GBX 330.61 and a 200 day moving average price of GBX 348.80.
The firm also recently declared a dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 3.10 ($0.04) per share. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 10th.
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. 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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