GKN
GKN: 314.25 -4.10 (▼1.30%)
| Bid Price | 312.00 | High Price | 316.90 |
|---|---|---|---|
| Ask Price | 312.10 | Low Price | 311.30 |
| Open Price | 315.70 | Spread | 0.03% |
| Prev Close | 312.10 | Volume | 4,843,086.00 |
GKN Share Price Chart
Intraday
Historic – 1 year
GKN Share Price Information
| Name | GKN | Epic | GKN |
|---|---|---|---|
| Sector | Automobiles & Parts | ISIN | GB0030646508 |
| Activites | GKN is a leading global supplier to the world’s automotive and aerospace manufacturers. GKN provides technology-based, highly engineered products requiring complex manufacturing to virtually all of the world’s major producers of automotive vehicles, military and civil aircraft and aero engines. GKN operates in more than 30 countries and employs 39,000 people in its subsidiaries and 4,000 people in its joint ventures. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 312.10 | Net Gearing (%) | 70.90 |
|---|---|---|---|
| Market Cap (£m) | 5,431.45 | Gross Gearing (%) | 74.88 |
| Shares in issue (m) | 1,714.47 | Debt Ratio | 64.18 |
| P/E Ratio | 26.85 | Debt-to-Equity Ratio | 0.60 |
| Divs per share (p) | 8.70 | Assets / Equity Ratio | 3.98 |
| Dividend Yield (%) | 2.76 | Price to book value | 2.88 |
| Dividend Cover | 4.19 | SROCE (%) | 4.65 |
| Earning per share (p) | 11.80 | EPS Growth (%) | 14.56 |
| 52-week high / low (p) | 371.25 / 245.80 | DPS Growth (%) | 3.57 |
GKN Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 12 Dec | Canaccord Genuity | Buy | 314.25 | 370.00 | 370.00 | Reiterates |
| 06 Dec | Berenberg | Buy | 314.25 | 346.00 | 346.00 | Reiterates |
| 01 Dec | Goldman Sachs | Neutral | 314.25 | 334.00 | 334.00 | Reiterates |
| 21 Nov | Goldman Sachs | Neutral | 314.25 | 311.00 | 334.00 | Reiterates |
| 26 Oct | Societe Generale | Hold | 314.25 | 310.00 | Retains |
GKN Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 29 Jun 2016 | Kevin Cummings | Buy | 20000 @ 264.20p | £52,840.00 |
| 27 Jun 2016 | Phil Swash | Buy | 8018 @ 260.40p | £20,878.87 |
GKN Company News
Broker Forecast – Goldman Sachs issues a broker note on GKN PLC
Goldman Sachs today reaffirms its neutral investment rating on GKN PLC (LON:GKN) and raised its price target to 334p (from 311p).
Story provided by StockMarketWire.com
Broker Forecast – Societe Generale issues a broker note on GKN PLC
Societe Generale today reaffirms its hold investment rating on GKN PLC (LON:GKN) and set its price target at 310p.
Story provided by StockMarketWire.com
Broker Forecast – Barclays Capital issues a broker note on GKN PLC
Barclays Capital today reaffirms its overweight investment rating on GKN PLC (LON:GKN) and raised its price target to 365p (from 345p).
Story provided by StockMarketWire.com
BP and weak pound boost FTSE 100
A rally in BP (BP.) shares and a sharp drop in the value of the pound against the euro and dollar helped the blue chip index to advance 0.4% to 7,017.
BP was up 1.7% to 495p.
West Texas Intermediate (WTI) crude oil slid 1.2% lower to $49.93 and Brent crude oil fell 1.4% to $50.75 per barrel, respectively.
Copper rallied 2.5% to $4,717 per tonne and gold was up 0.5% to $1,268 per ounce.
The Conference Board Consumer Confidence Index fell in October to 98.6, down from 103.5 in September.
FTSE 100 RISERS AND FALLERS
Anglo American (AAL) reported a 4% increase in diamond production to 6.3m carats in the third quarter to 30 September compared to the same period in 2015 when production was reduced due to trading conditions. The miner traded 4.5% higher at £11.14.
Shares in wealth manager St James’s Place (STJ) nudged higher after reporting a third quarter assets rise of 8.9% due to market gains and robust demand for its advice in the wake of the Brexit vote.
Costa Coffee owner Whitbread (WTB) slumped 3.7% to £37 despite first half profit rising slightly ahead of expectations and a 5% hike in the dividend. Investors may be cautious thanks to a reference to ‘uncertainty in the UK economic outlook’ and nervous of rising costs.
Aerospace engineer GKN (GKN) was in negative territory following downbeat guidance in a third quarter update. ‘In line with the global outlook, we see growth rates easing in our major markets, said chief executive Nigel Stein.
FTSE 250 RISERS AND FALLERS
Coach operator National Express (NEX) accelerated over 3% as operating profit climbed 9% in the third quarter with a strong contribution from its overseas businesses.
Shares in life insurer Phoenix (PHNX) advanced 3.9% to 755.5p after an initial fall, following a £735m rights issue to fund the acquisition of Abbey Life, which traded ex-rights.
SMALL CAP RISERS AND FALLERS
Development company Xcite Energy’s (XEL) shares were suspended from trading on AIM. Its bondholders rejected a repayment plan and asked for a liquidator to be appointed for the firm.
M.P Evans (MPE) confirmed it received a takeover offer from KLK, which was rejected by the board as it undervalued the company, causing the stock to soar 43% to 610p.
Investors checked into specialist travel agent On The Beach (OTB) after the company said underlying pre-tax profit will be slightly ahead of the top end of market expectations in the year to 30 September.
Budget footwear chain Shoe Zone (SHOE) put its best foot forwards as a positive year end trading update triggered a stock rise of 15% to 164p. It traded well in the second half of the year, seeing little impact from the EU referendum, and said it expects to report annual pre-tax profit ‘marginally ahead’ compared to the prior year.
Pharmaceutical products manufacturer Beximo (BXP) got a welcome shot in the arm after receiving UD Food and Drug Administration approval for Sotalol Hydrochloride, a generic version of the cardiovascular drug Betapace.
Oil and gas exploration firm Pantheon Resources (PANR) said its operator drilled the VOBM#3 onshore east Texas to a depth of 14,500ft and will pursue a vertical completion. Data suggested a potentially significant reservoir in the primary target the Eagle Ford/Woodbine sandstone.
Story provided by StockMarketWire.com
Miners rally on stronger commodity prices
Mining stocks rallied in response to higher commodity prices and Anglo American’s (AAL) positive third quarter update.
The FTSE 100 climbed 0.5% to 7,019.
Anglo American (AAL) and Antofagasta (ANTO) were the biggest blue chip risers with gains of over 2.9%, while Rio Tinto (RIO) and Glencore (GLEN) traded over 2.5% higher.
Randgold Resources (RRS) and BHP Billiton (BLT) were also in positive territory.
West Texas Intermediate (WTI) crude oil advanced 0.6% to $50.85 and Brent crude oil was 0.4% higher at $51.67 per barrel, respectively.
Gold glittered at $1,265 per ounce and copper jumped 1.3% to $4,673 per tonne.
FTSE 100 RISERS AND FALLERS
Anglo American reported a 4% increase in diamond production to 6.3m carats in the third quarter to 30 September compared to the same period in 2015 when production was reduced due to trading conditions. The miner traded 3.4% higher at £11.
Shares in wealth manager St James’s Place (STJ) nudged higher after reporting a third quarter assets rise of 8.9% due to market gains and robust demand for its advice in the wake of the Brexit vote.
Costa Coffee owner Whitbread (WTB) slumped 3.5% to £37.08 despite first half profit rising slightly ahead of expectations and a 5% hike in the dividend. Investors may be cautious on a reference to ‘uncertainty in the UK economic outlook’.
Aerospace engineer GKN (GKN) was in negative territory following downbeat guidance in a third quarter update. ‘In line with the global outlook, we see growth rates easing in our major markets, said chief executive Nigel Stein.
FTSE 250 RISERS AND FALLERS
Coach operator National Express (NEX) accelerated 4% as operating profit climbed 9% in the third quarter with a strong contribution from its overseas businesses.
Shares in life insurer Phoenix (PHNX) fell 11.3% to 758p following a £735m rights issue to fund the acquisition of Abbey Life, which traded ex-rights.
SMALL CAP RISERS AND FALLERS
Investors checked into specialist travel agent On The Beach (OTB) after the company said underlying pre-tax profit will be slightly ahead of the top end of market expectations in the year to 30 September.
Carpets, beds and rugs retailer Carpetright’s (CPR) declined 2.4% to 191p on a half year trading statement, which revealed a 2.9% dip in UK like-for-like sales. Trading in the core UK market was hampered by variable consumer sentiment and a ramp up in competition from new entrants including Martin Harris’ Tapi chain.
Budget footwear chain Shoe Zone (SHOE) put its best foot forwards as a positive year end trading update triggered a stock rise of 17.3% to 167.22p. It traded well in the second half of the year, seeing little impact from the EU referendum, and said it expects to report annual pre-tax profit ‘marginally ahead’ compared to the prior year.
Pharmaceutical products manufacturer Beximo (BXP) got a welcome shot in the arm after receiving US Food and Drug Administration approval for Sotalol Hydrochloride, a generic version of the cardiovascular drug Betapace.
Oil and gas exploration firm Pantheon Resources (PANR) said its operator drilled the VOBM#3 onshore east Texas to a depth of 14,500ft and will pursue a vertical completion. Data suggested a potentially significant reservoir in the primary target the Eagle Ford/Woodbine sandstone.
Story provided by StockMarketWire.com
