GKN plc Rating Reiterated by Cantor Fitzgerald Europe (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating restated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Tuesday. They currently have a GBX 430 ($7.30) target price on the stock. Cantor Fitzgerald Europe‘s price target would suggest a potential upside of 17.49% from the stock’s previous close.
GKN plc (LON:GKN) traded up 6.67% 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 has a 50-day moving average of GBX 363.2 and a 200-day moving average of GBX 383.9. The company’s market cap is £5.995 billion.
The company also recently declared a dividend, which is scheduled for Monday, September 22nd. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 2.80 ($0.05) per share. This represents a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other analysts have also recently weighed in on GKN. Analysts at Westhouse Securities reiterated a “buy” rating on shares of GKN plc in a research note on Monday. They now have a GBX 450 ($7.64) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of GKN plc in a research note on Monday. They now have a GBX 379 ($6.44) price target on the stock. Finally, analysts at Investec cut their price target on shares of GKN plc from GBX 420 ($7.13) to GBX 380 ($6.45) in a research note on Wednesday, July 23rd. They now have an “add” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. The stock 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).
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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