GKN plc (GKN) Given Overweight Rating at JPMorgan Chase & Co.
GKN plc (LON:GKN)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 399 ($4.86) price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 21.28% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Berenberg Bank raised their price objective on shares of GKN plc from GBX 332 ($4.05) to GBX 346 ($4.22) and gave the company a “buy” rating in a research note on Monday, August 8th. Beaufort Securities restated a “buy” rating on shares of GKN plc in a research report on Wednesday, July 27th. BNP Paribas lifted their target price on shares of GKN plc from GBX 225 ($2.74) to GBX 235 ($2.86) and gave the stock an “underperform” rating in a research report on Wednesday, July 13th. Citigroup Inc. cut shares of GKN plc to a “neutral” rating and set a GBX 315 ($3.84) target price for the company. in a research report on Wednesday, July 27th. Finally, Societe Generale restated a “hold” rating and set a GBX 310 ($3.78) target price on shares of GKN plc in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 337.56 ($4.11).
GKN plc (LON:GKN) opened at 329.00 on Tuesday. The stock’s market cap is GBX 5.64 billion. The company’s 50 day moving average is GBX 322.61 and its 200-day moving average is GBX 293.97. GKN plc has a 52-week low of GBX 245.80 and a 52-week high of GBX 339.90.
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The business also recently declared a dividend, which was paid on Monday, September 19th. Investors of record on Thursday, August 11th were issued a GBX 2.95 ($0.04) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 0.98%.
About GKN plc
GKN plc is a global engineering company. The Company is engaged in the design, manufacture and service of systems and components for original equipment manufacturers. The Company operates in four segments: GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems. Its GKN Aerospace segment is a supplier of aerostructures, engine products and systems, and electrical wiring systems to the global aerospace industry.
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