Peel Hunt reaffirmed their buy rating on shares of GKN plc (LON:GKN) in a research note issued to investors on Monday, October 9th. Peel Hunt currently has a GBX 535 ($7.11) target price on the stock.
Several other equities analysts have also commented on the company. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 395 ($5.25) price target on shares of GKN plc in a research note on Thursday, October 5th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 445 ($5.91) price target on shares of GKN plc in a research note on Friday, September 29th. Barclays PLC reaffirmed an overweight rating and issued a GBX 390 ($5.18) price target (down previously from GBX 400 ($5.31)) on shares of GKN plc in a research note on Thursday, September 21st. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 428 ($5.69) price target on shares of GKN plc in a research note on Friday, September 15th. Finally, Canaccord Genuity lowered GKN plc to a hold rating and set a GBX 550 ($7.31) price target on the stock. in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 387.08 ($5.14).
GKN plc (GKN) opened at 306.00 on Monday. GKN plc has a 1-year low of GBX 295.20 and a 1-year high of GBX 379.30. The stock’s market cap is GBX 5.24 billion. The stock has a 50 day moving average of GBX 337.09 and a 200 day moving average of GBX 340.06.
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The business also recently declared a dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 10th were issued a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 0.94%.
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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