GKN plc Rating Reiterated by Berenberg Bank (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 440 ($7.47) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 25.25% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of GKN plc in a research note on Wednesday. They now have a GBX 385 ($6.54) price target on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of GKN plc to a “buy” rating in a research note on Tuesday. They now have a GBX 435 ($7.39) price target on the stock. Finally, analysts at Societe Generale 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 410.56 ($6.97).
Shares of GKN plc (LON:GKN) traded down 4.02% on Wednesday, hitting GBX 351.30. 6,269,072 shares of the company’s stock traded hands. GKN plc has a one year low of GBX 322.40 and a one year high of GBX 468.00. The stock’s 50-day moving average is GBX 362.1 and its 200-day moving average is GBX 383.7. The company’s market cap is £5.755 billion.
The company also recently announced a dividend, which is scheduled for Monday, September 22nd. Investors 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.
GKN PLC is a holding company. The Company operates in global automotive, aerospace and land systems markets (LON:GKN).
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