GKN (LON:GKN) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of GKN (LON:GKN) in a research note issued to investors on Wednesday, February 28th.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 378 ($5.22) price objective on shares of GKN in a research report on Thursday, December 7th. Numis Securities reaffirmed a buy rating and issued a GBX 370 ($5.11) target price on shares of GKN in a research note on Tuesday, December 5th. Peel Hunt restated a buy rating and set a GBX 500 ($6.91) price objective on shares of GKN in a research note on Thursday, November 16th. Barclays raised their target price on shares of GKN from GBX 370 ($5.11) to GBX 450 ($6.22) and gave the company an overweight rating in a research note on Monday, January 15th. Finally, Citigroup reissued a neutral rating and issued a GBX 443 ($6.12) price target on shares of GKN in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 434.81 ($6.01).

GKN (LON GKN) traded up GBX 7.70 ($0.11) during mid-day trading on Wednesday, reaching GBX 437.70 ($6.05). 13,160,315 shares of the company traded hands, compared to its average volume of 14,350,000. The company has a market cap of $7,520.00 and a PE ratio of 1,509.31. GKN has a 1 year low of GBX 2.95 ($0.04) and a 1 year high of GBX 449.46 ($6.21).

The business also recently announced a dividend, which will be paid on Monday, May 14th. Shareholders of record on Thursday, April 5th will be paid a GBX 6.20 ($0.09) dividend. This represents a yield of 1.43%. This is a boost from GKN’s previous dividend of $3.10. The ex-dividend date of this dividend is Thursday, April 5th.

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GKN 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.

Analyst Recommendations for GKN (LON:GKN)

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