GKN plc (GKN) Price Target Raised to GBX 475
GKN plc (LON:GKN) had its price target boosted by research analysts at Peel Hunt from GBX 445 ($5.50) to GBX 475 ($5.87) in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 27.04% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Barclays PLC restated an “overweight” rating and set a GBX 390 ($4.82) target price on shares of GKN plc in a research report on Monday. Berenberg Bank increased their price objective on shares of GKN plc from GBX 346 ($4.27) to GBX 400 ($4.94) and gave the stock a “buy” rating in a research report on Friday, March 10th. Deutsche Bank AG increased their price objective on shares of GKN plc from GBX 369 ($4.56) to GBX 395 ($4.88) and gave the stock a “buy” rating in a research report on Thursday, March 2nd. JPMorgan Chase & Co. increased their price objective on shares of GKN plc from GBX 399 ($4.93) to GBX 410 ($5.06) and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. Finally, Canaccord Genuity increased their price objective on shares of GKN plc from GBX 370 ($4.57) to GBX 410 ($5.06) and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. GKN plc currently has a consensus rating of “Buy” and a consensus price target of GBX 361.33 ($4.46).
GKN plc (LON:GKN) opened at 373.90 on Tuesday. The stock’s market capitalization is GBX 6.39 billion. The stock’s 50 day moving average is GBX 356.66 and its 200 day moving average is GBX 331.25. GKN plc has a 12-month low of GBX 249.40 and a 12-month high of GBX 379.30.
The business also recently announced a dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Thursday, April 6th will be paid a GBX 5.90 ($0.07) dividend. This is an increase from GKN plc’s previous dividend of $2.95. This represents a yield of 1.64%. The ex-dividend date of this dividend is Thursday, April 6th.
Your IP Address:
In other news, insider Kevin Cummings sold 18,279 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of GBX 360 ($4.45), for a total transaction of £65,804.40 ($81,270.10).
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.