Credit Suisse Reiterates “Outperform” Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Thursday. They currently have a GBX 450 ($7.64) price objective on the stock. Credit Suisse’s target price would indicate a potential upside of 30.85% from the company’s current price.
GKN plc (LON:GKN) traded up 0.44% during mid-day trading on Thursday, hitting GBX 343.90. 11,600,604 shares of the company’s stock traded hands. GKN plc has a 1-year low of GBX 322.40 and a 1-year high of GBX 468.00. The stock has a 50-day moving average of GBX 359.7 and a 200-day moving average of GBX 383.2. The company’s market cap is £5.619 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.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of GKN plc in a research note on Wednesday. They now have a GBX 440 ($7.47) price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. GKN plc has a consensus rating of “Buy” and a consensus target price 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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