GKN plc Stock Rating Reaffirmed by Numis Securities Ltd (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 467 ($7.77) price target on the stock. Numis Securities Ltd’s price target suggests a potential upside of 13.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of GKN plc in a research note on Thursday, February 20th. They now have a GBX 430 ($7.15) price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of GKN plc to a “sell” rating in a research note on Tuesday, February 11th. They now have a GBX 330 ($5.49) price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. GKN plc presently has an average rating of “Buy” and a consensus target price of GBX 367.22 ($6.11).
Shares of GKN plc (LON:GKN) traded down 1.01% on Tuesday, hitting GBX 410.70. 12,991,833 shares of the company’s stock traded hands. GKN plc has a one year low of GBX 245.00 and a one year 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. Stockholders 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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