GKN plc Given “Buy” Rating at Societe Generale (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating restated by investment analysts at Societe Generale in a note issued to investors on Tuesday. They currently have a GBX 450 ($7.64) price target on the stock. Societe Generale’s price objective suggests a potential upside of 22.95% from the company’s current price.
Shares of GKN plc (LON:GKN) traded up 6.67% during mid-day trading on Tuesday, hitting GBX 366.00. 10,012,702 shares of the company’s stock traded hands. GKN plc has a 52 week low of GBX 322.40 and a 52 week high of GBX 468.00. The stock’s 50-day moving average is GBX 363.2 and its 200-day moving average is GBX 383.9. The company’s market cap is £5.995 billion.
The company also recently announced a dividend, which is scheduled for Monday, September 22nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 2.80 ($0.05) per share. This represents a dividend yield of 0.76%. The ex-dividend date is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of GKN plc in a research note on Tuesday. They now have a GBX 450 ($7.64) price target on the stock. Separately, 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 ($8.49) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of GKN plc in a research note on Tuesday. They now have a GBX 430 ($7.30) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 410.56 ($6.97).
GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN).
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