Phil Swash Sells 27,150 Shares of GKN (LON:GKN) Stock

GKN (LON:GKN) insider Phil Swash sold 27,150 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of GBX 433 ($6.08), for a total value of £117,559.50 ($165,018.95).

Phil Swash also recently made the following trade(s):

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  • On Thursday, April 5th, Phil Swash sold 5,000 shares of GKN stock. The shares were sold at an average price of GBX 430 ($6.04), for a total value of £21,500 ($30,179.67).

Shares of LON GKN traded down GBX 1.40 ($0.02) during trading hours on Friday, reaching GBX 422.70 ($5.93). 16,354,645 shares of the stock were exchanged, compared to its average volume of 14,910,000. GKN has a 52 week low of GBX 2.95 ($0.04) and a 52 week high of GBX 449.46 ($6.31).

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

Several research analysts recently commented on the company. Societe Generale reissued a “hold” rating and set a GBX 465 ($6.53) price target on shares of GKN in a research report on Wednesday, February 28th. Citigroup reissued a “neutral” rating and set a GBX 443 ($6.22) price target on shares of GKN in a research report on Wednesday, January 17th. Deutsche Bank reissued a “buy” rating and set a GBX 440 ($6.18) price target on shares of GKN in a research report on Friday, February 16th. Berenberg Bank increased their price target on GKN from GBX 365 ($5.12) to GBX 455 ($6.39) and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Liberum Capital increased their price target on GKN from GBX 300 ($4.21) to GBX 425 ($5.97) and gave the company a “hold” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 436.69 ($6.13).

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GKN Company Profile

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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