GKN plc Earns Buy Rating from Cantor Fitzgerald Europe (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reiterated by Cantor Fitzgerald Europe in a research note issued on Thursday. They currently have a GBX 430 ($7.19) price objective on the stock. Cantor Fitzgerald Europe‘s price objective would suggest a potential upside of 22.61% from the company’s current price.
Shares of GKN plc (LON:GKN) opened at 352.10 on Thursday. 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 350.9 and its 200-day moving average is GBX 378.2. The company’s market cap is £5.753 billion.
The company also recently declared a dividend, which is scheduled for Monday, September 22nd. Investors 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated a “buy” rating on shares of GKN plc in a research note on Friday, August 15th. They now have a GBX 450 ($7.52) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of GKN plc in a research note on Tuesday, August 12th. They now have a GBX 390 ($6.52) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of GKN plc in a research note on Friday, August 8th. They now have a GBX 450 ($7.52) price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 409.44 ($6.84).
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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