GKN plc’s “Buy” Rating Reiterated at Cantor Fitzgerald Europe (GKN)
GKN plc (LON:GKN)‘s stock had its “buy” rating reaffirmed by Cantor Fitzgerald Europe in a research note issued on Thursday. They currently have a GBX 430 ($7.14) target price on the stock. Cantor Fitzgerald Europe‘s price target points to a potential upside of 20.65% from the stock’s previous close.
Several other analysts have also recently commented on 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 425 ($7.05) price target on the stock. Separately, 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 ($7.47) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of GKN plc in a research note on Tuesday, August 26th. They now have a GBX 390 ($6.47) 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 408.06 ($6.77).
Shares of GKN plc (LON:GKN) remained flat at GBX 356.40 during during mid-day trading trading on Thursday. 1,796,212 shares of the company’s stock traded hands. GKN plc has a 52-week low of GBX 328.50 and a 52-week high of GBX 468.00. The stock’s 50-day moving average is GBX 349.2 and its 200-day moving average is GBX 374.9. The company’s market cap is £5.823 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.
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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