GKN plc (LON:GKN) Rating Reiterated by Deutsche Bank AG
A number of other equities analysts also recently commented on GKN. Numis Securities Ltd restated a buy rating and issued a GBX 420 ($5.47) target price on shares of GKN plc in a research note on Thursday, July 27th. Barclays PLC restated an overweight rating and issued a GBX 390 ($5.08) target price on shares of GKN plc in a research note on Monday. Beaufort Securities restated a buy rating on shares of GKN plc in a research note on Thursday, July 27th. Liberum Capital restated a sell rating and issued a GBX 300 ($3.91) target price on shares of GKN plc in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) dropped their target price on shares of GKN plc from GBX 401 ($5.22) to GBX 384 ($5.00) and set a neutral rating on the stock in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 376.93 ($4.91).
Shares of GKN plc (LON GKN) traded up 0.71% during mid-day trading on Monday, reaching GBX 327.40. 3,608,897 shares of the company’s stock traded hands. 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’s market capitalization is GBX 5.61 billion. GKN plc has a 12-month low of GBX 295.20 and a 12-month high of GBX 379.30.
The company also recently announced a dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 10th will be given a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is 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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