GKN plc’s (LON:GKN) “Buy” Rating Reiterated at Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of GKN plc (LON:GKN) in a research note issued to investors on Thursday morning. They currently have a GBX 420 ($5.47) target price on the stock.
A number of other research analysts have also recently issued reports on the company. J P Morgan Chase & Co reaffirmed an overweight rating on shares of GKN plc in a research note on Monday, June 19th. HSBC Holdings plc reaffirmed a buy rating and set a GBX 445 ($5.80) price objective on shares of GKN plc in a research note on Thursday, April 6th. Liberum Capital reaffirmed a sell rating and set a GBX 300 ($3.91) price objective on shares of GKN plc in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reduced their price objective on 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. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 475 ($6.19) price objective on shares of GKN plc in a research note on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 376.93 ($4.91).
GKN plc (LON:GKN) opened at 321.90 on Thursday. The firm’s 50-day moving average price is GBX 334.79 and its 200 day moving average price is GBX 349.37. GKN plc has a one year low of GBX 276.77 and a one year high of GBX 379.30. The firm’s market capitalization is GBX 5.52 billion.
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The firm also recently announced a dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 3.10 ($0.04) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend 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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