GKN (GKN) Sets New 12-Month High at $473.20

GKN (LON:GKN) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 473.20 ($6.78) and last traded at GBX 469.60 ($6.72), with a volume of 9387899 shares changing hands. The stock had previously closed at GBX 450.30 ($6.45).

A number of research analysts have commented on the stock. Raymond James Financial downgraded shares of GKN to a “market perform” rating in a research report on Tuesday. Citigroup reissued a “neutral” rating and set a GBX 455 ($6.51) target price on shares of GKN in a research report on Monday, March 12th. Peel Hunt reissued a “buy” rating and set a GBX 500 ($7.16) target price on shares of GKN in a research report on Monday, March 26th. Numis Securities reissued a “hold” rating and set a GBX 450 ($6.44) target price on shares of GKN in a research report on Wednesday, February 14th. Finally, Deutsche Bank reissued a “buy” rating on shares of GKN in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. GKN has an average rating of “Hold” and a consensus price target of GBX 436.69 ($6.25).

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

In related news, insider Phil Swash sold 5,000 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of GBX 430 ($6.16), for a total transaction of £21,500 ($30,784.65).

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About GKN

GKN plc engages in engineering business worldwide. The company's Aerospace division manufactures airframe structures, including wing/empennage and flight control surface assemblies, fuselage structures, and landing gears; engine structures, such as fixed and rotating propulsion products, fan cases, exhaust systems, nacelles, and other components; electrical wiring interconnection systems; cockpit and cabin windows; and ice protection, fuel systems, and floatation devices.

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