GKN plc (LON:GKN) announced a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Shareholders 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 yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be seen at this link.
GKN plc (LON GKN) traded down 2.00% during midday trading on Thursday, reaching GBX 323.40. 3,385,649 shares of the company’s stock traded hands. The company’s market capitalization is GBX 5.54 billion. GKN plc has a 1-year low of GBX 282.50 and a 1-year high of GBX 379.30. The firm’s 50-day moving average is GBX 336.00 and its 200-day moving average is GBX 349.61.
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Several research analysts have recently commented on GKN shares. Peel Hunt reissued a “buy” rating and issued a GBX 475 ($6.19) price objective on shares of GKN plc in a research note on Wednesday, April 5th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 445 ($5.80) price objective on shares of GKN plc in a research note on Thursday, April 6th. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($3.91) price objective on shares of GKN plc in a research note on Friday, April 7th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 410 ($5.34) price objective on shares of GKN plc in a research note on Thursday, April 27th. Finally, Goldman Sachs Group, Inc. (The) lowered their price objective on shares of GKN plc from GBX 401 ($5.22) to GBX 384 ($5.00) and set a “neutral” rating for the company in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 373.06 ($4.86).
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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