GKN plc Given “Buy” Rating at Societe Generale (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reiterated by analysts at Societe Generale in a research report issued to clients and investors on Tuesday, American Banking and Market News reports. They currently have a GBX 450 ($7.48) target price on the stock. Societe Generale’s target price would suggest a potential upside of 9.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on GKN. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of GKN plc in a research note on Tuesday. They now have a GBX 500 ($8.32) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of GKN plc in a research note on Tuesday. They now have a GBX 467 ($7.77) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of GKN plc in a research note on Tuesday. They now have a GBX 275 ($4.57) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 367.22 ($6.11).
Shares of GKN plc (LON:GKN) traded down 1.01% during mid-day trading on Tuesday, hitting GBX 410.70. 12,991,833 shares of the company’s stock traded hands. GKN plc has a 52 week low of GBX 245.00 and a 52 week high of GBX 417.80. The stock has a 50-day moving average of GBX 398.6 and a 200-day moving average of GBX 369.1. The company’s market cap is £6.656 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, May 21st. Shareholders of record on Wednesday, April 9th will be paid a dividend of GBX 5.30 ($0.09) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Wednesday, April 9th.
GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN).
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