Liberum Capital Reaffirms “Sell” Rating for GKN plc (GKN)
GKN plc (LON:GKN)‘s stock had its “sell” rating reissued by analysts at Liberum Capital in a report issued on Monday. They currently have a GBX 300 ($3.90) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 14.58% from the company’s previous close.
Several other equities analysts have also commented on GKN. Peel Hunt upped their price target on shares of GKN plc from GBX 420 ($5.46) to GBX 445 ($5.79) and gave the stock a “buy” rating in a research report on Tuesday, January 24th. Barclays PLC restated an “overweight” rating and set a GBX 365 ($4.75) price target on shares of GKN plc in a research report on Monday, February 6th. BNP Paribas upped their price target on shares of GKN plc from GBX 285 ($3.71) to GBX 295 ($3.84) and gave the stock an “underperform” rating in a research report on Friday, February 10th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 399 ($5.19) price target on shares of GKN plc in a research report on Tuesday, February 21st. Finally, Beaufort Securities restated a “buy” rating on shares of GKN plc in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 368.93 ($4.80).
GKN plc (LON:GKN) traded down 0.65% during mid-day trading on Monday, hitting GBX 351.20. 3,733,796 shares of the stock traded hands. The firm’s market cap is GBX 6.01 billion. GKN plc has a 1-year low of GBX 249.40 and a 1-year high of GBX 379.30. The stock has a 50-day moving average of GBX 354.46 and a 200 day moving average of GBX 341.96.
The firm also recently declared a dividend, which was paid on Wednesday, May 17th. Shareholders of record on Thursday, April 6th were issued a GBX 5.90 ($0.08) dividend. This represents a yield of 1.64%. This is an increase from GKN plc’s previous dividend of $2.95. The ex-dividend date was Thursday, April 6th.
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In other GKN plc news, insider Kevin Cummings sold 18,279 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of GBX 360 ($4.68), for a total value of £65,804.40 ($85,604.79).
GKN plc Company Profile
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. The GKN Aerospace segment is a supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies and aftermarket services.
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