GKN plc (LON:GKN) to Issue GBX 3.10 Dividend
GKN plc (LON:GKN) declared a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be given a dividend of GBX 3.10 ($0.04) per share on Monday, September 18th. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be viewed at this link.
GKN plc (LON:GKN) traded up 1.01% on Wednesday, hitting GBX 330.00. 8,978,420 shares of the company were exchanged. GKN plc has a 52-week low of GBX 276.77 and a 52-week high of GBX 379.30. The stock’s 50-day moving average price is GBX 338.48 and its 200-day moving average price is GBX 349.78. The stock’s market capitalization is GBX 5.65 billion.
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A number of equities research analysts have issued reports on GKN shares. Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($3.91) price target on shares of GKN plc in a research report on Friday, April 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 410 ($5.34) price target on shares of GKN plc in a research report on Monday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 475 ($6.19) price target on shares of GKN plc in a research report on Wednesday, April 5th. Barclays PLC reaffirmed an “overweight” rating on shares of GKN plc in a research report on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) reduced their price target on GKN plc from GBX 401 ($5.22) to GBX 384 ($5.00) and set a “neutral” rating on the stock in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 371.19 ($4.84).
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. 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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