Published On: Fri, Sep 23rd, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/23/gkn-plc-gkn-upgraded-to-buy-at-numis-securities-ltd.html

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.

Receive News & Ratings for GKN plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for GKN plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>