GKN plc (GKN) Upgraded to “Buy” at Numis Securities Ltd
GKN plc (LON:GKN) was upgraded by analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a GBX 390 ($5.09) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 21.53% from the company’s previous close.
GKN has been the subject of a number of other reports. Canaccord Genuity dropped their price target on shares of GKN plc from GBX 445 ($5.81) to GBX 370 ($4.83) and set a “buy” rating for the company in a research note on Friday, September 2nd. JPMorgan Chase & Co. boosted their price target on shares of GKN plc from GBX 379 ($4.95) to GBX 399 ($5.21) and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. boosted their price target on shares of GKN plc from GBX 290 ($3.79) to GBX 311 ($4.06) and gave the stock a “neutral” rating in a research note on Friday, August 19th. Societe Generale restated a “hold” rating and set a GBX 310 ($4.05) price objective on shares of GKN plc in a report on Wednesday, July 27th. Finally, BNP Paribas boosted their price objective on shares of GKN plc from GBX 235 ($3.07) to GBX 240 ($3.13) and gave the company an “underperform” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 334.18 ($4.36).
GKN plc (LON:GKN) opened at 324.60 on Friday. The stock’s 50 day moving average is GBX 312.41 and its 200-day moving average is GBX 288.82. The company’s market cap is GBX 5.57 billion. GKN plc has a 12-month low of GBX 245.80 and a 12-month high of GBX 339.90.
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The business also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders 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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