Share Name Share Symbol Market Type Share ISIN Share Description
Gkn Plc LSE:GKN London Ordinary Share GB0030646508 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.70p -0.88% 304.70p 304.10p 304.30p 308.70p 304.20p 307.00p 4,438,553.00 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 7,231.0 245.0 11.8 25.8 5,223.93

Gkn (GKN) Latest News

Gkn News

Date Time Source Headline
01/12/201615:46UKREGGKN PLC Total Voting Rights
01/12/201615:46PRNUSGKN PLC - Total Voting Rights
28/11/201619:02PRNUSGKN expands electric all-wheel drive program with German OEM
24/11/201610:01UKREGGKN PLC Treasury Stock
24/11/201610:01PRNUSGKN PLC - Treasury Stock
10/11/201609:56UKREGGKN PLC Treasury Stock
10/11/201609:56PRNUSGKN PLC - Treasury Stock
01/11/201612:31UKREGGKN PLC Total Voting Rights
01/11/201612:30UKREGGKN PLC Total Voting Rights
01/11/201612:30PRNUSGKN PLC - Total Voting Rights
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Gkn (GKN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:10:10306.3122,55469,085.13NT
17:01:45305.787,60123,242.17NT
17:01:13306.2520,00061,250.09NT
16:58:56304.7114,00042,659.85NT
16:51:24306.0088,082269,528.08NT
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Gkn (GKN) Top Chat Posts

DateSubject
06/12/2016
08:20
Gkn Daily Update: Gkn Plc is listed in the Automobiles & Parts sector of the London Stock Exchange with ticker GKN. The last closing price for Gkn was 307.40p.
Gkn Plc has a 4 week average price of 307.09p and a 12 week average price of 316.63p.
The 1 year high share price is 339.90p while the 1 year low share price is currently 245.80p.
There are currently 1,714,449,237 shares in issue and the average daily traded volume is 5,777,217 shares. The market capitalisation of Gkn Plc is £5,223,926,825.14.
25/10/2016
12:55
mj19: Engineering colossus GKN (LSE: GKN) also updated the market in Tuesday trade, although its share price hasn't fared so well, the firm last dealing 3% lower on the day. This is despite the company's announcing that its principal markets "performed in line with the expectations set out in our July results announcement."Organic sales at the Driveline division continued to outperform the market, a 6% revenues uptick during January-September dwarfing a 4% rise in global auto build rates. GKN had new product launches to thank for this decent result, as well as strong premium vehicle demand in Europe.GKN's Aerospace arm also continued to grow despite current challenges in the civil aircraft market, and organic sales here rose 2% in the nine months. But weak agricultural machinery demand caused organic sales at Land Systems to slip 8% in the period to September.Sure, GKN's main markets are expected to remain under pressure for a little longer. But I believe the part builder's top-tier relationship with major OEMs across the globe sets it up as a hot growth pick in the long term.This view is shared by much of the City, and a 1% earnings rise this year is anticipated to rev to 11% in 2017. I reckon a forward P/E rating of 11.2 times and 10 times for these years represents splendid value.
22/8/2016
09:15
valedo: GKN plc 29% Potential Upside Indicated by JP Morgan Cazenove GKN plc had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at JP Morgan Cazenove. GKN plc are listed in the Consumer Goods sector within UK Main Market. JP Morgan Cazenove have set their target price at 399 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 29% from the opening price of 309.2 GBX. Over the last 30 and 90 trading days the company share price has increased 19.3 points and increased 34.3 points respectively. hxxp://www.directorstalkinterviews.com/gkn-plc-29-potential-upside-indicated-jp-morgan-cazenove/412708450
29/6/2016
18:02
mj19: By Warren Smith / in UK Broker Ratings / on Tuesday, 28 Jun 2016 01:20 PM / 0 Comments On Monday analysts at Goldman Sachs reiterated Gkn’s (LON:GKN) shares as ‘Neutral’; in a research note issued to investors. Following Goldman Sachs’s latest price target of 291 on the business this highlights that the broker now believes there is an increase of 10.98% from Gkn’s current share price of 262.2. The number of shares Gkn currently has in issue is 1,711,416,000, which have a value of 262.2 per share calculating Gkn’s market capitalisation to 4.49B GBP.
24/2/2016
08:26
alan@bj: "Buy" advice by today's Tempus column in The Times. It says the drop in the share price "provides an opportunity to get on board a high-quality, blue-chip company......core businesses are doing well, outperforming their wider markets....falling military demand will be a problem this year, but that should merely be a pause for breath."
12/11/2015
09:39
alan@bj: And today's bad news affecting GKN's share price comes from Rolls Royce.....
16/10/2015
15:07
alan@bj: Engineer GKN is still a high-quality business with strong positions in the global automotive and aerospace industries, Berenberg said, but external concerns have depressed its share price, leaving it looking like a good value play. The first concern which has hit GKN is potential fallout from the emissions scandal involving German carmaker Volkswagen. VW is the biggest customer for GKN's Driveline business, which makes driveline equipment and systems for vehicles, and this exposure to the scandal has "spooked investors", Berenberg said. But the Driveline unit has a globally diverse customer base, supplying products which are agnostic to original equipment manufacturers, programmes and petrol or diesel engines, Berenberg said, adding that the risk of VW halting production is "not a scenario we anticipate". The second concern for the auto business is the slowdown in China, from where GKN derives about 8% of group sales. While the economic sluggishness is real, this has not resulted in a sharp downturn in activity, Berenberg said, and latest data out of China suggests auto markets are stabilising and destocking is slowing. GKN's robust exposure to domestic manufacturers, strong demand for SUVs and a healthy pipeline of vehicle launches should ensure it grows its Chinese market share. Turning to aerospace, the ramp-down of the Airbus A330 programme, to which GKN supplies wing box and cover components, will prove a challenge for the company through the first half of 2016, but should be offset by better-than-expected trends in the military segment, Berenberg said. The Airbus A350 programme will turn profitable by the end of 2015 and this, along with growth in most other commercial programmes and the ramp-up of the F-35 fighter programme by Lockheed Martin, should generate cash and profits for GKN by 2017. In addition, GKN's acquisition of Fokker, a Dutch maker of aerostructures, electrical wiring systems, landing gear and associated services, earlier this year will add further exposure to both the A350 and F-35 platforms. With GKN trading at a 2016 earnings multiple of 10 times and a 2017 multiple of 8.7 times, the company looks to be an "attractive value play", Berenberg said. Berenberg cut its target price to 370 pence from 415p, due to cuts made to its earnings per share forecasts through to 2017, but kept its Buy rating intact.
22/9/2015
12:35
alan@bj: Thanks Valedo. I hope the share price drop is an overreaction but no doubt there will be some turbulence for a while.
22/9/2015
08:14
alan@bj: Valedo - I agree with your comment, but don't understand why the VW emissions issue should knock GKN's share price as much as it has this morning. Can you join up he dots for me?
24/2/2015
10:30
bigbertie: Phil, I agree. Sales and margins look ok but the business stuff is overwhelmed by currency movements, revaluations of derivatives, and pension obligations. However I am holding on because I think they have quality products in expanding markets so will continue to prosper and maybe become a bid target. Just IMHO. Is your sale a final decision or do you anticipate a share price correction, maybe after xd?
05/7/2012
10:27
broadwood: The FTSE 100 engineer is targeting a $4tn opportunity. This morning's news delivered confirmation that FTSE 100 (UKX) engineer GKN (LSE: GKN) is to pay £633m to buy Volvo Aero, the aero engine division of AB Volvo. Concern over how this widely expected deal would be funded has been one of the factors keeping a dampener on GKN's share price recently. In a clear sign of the market's approval, GKN's share price rocketed by more than 8.5% when markets opened this morning, and is up by 12% as I write. Perfect timing Firstly, GKN's timing seems good. The latest forecast from aircraft manufacturer Boeing (NYSE: BA.US) is that 33,500 new passenger aircraft and freighters will be needed by 2030 -- with a total value of more than $4 trillion. Boeing expects passenger and cargo traffic to increase by 5% per year over the next 20 years, mostly thanks to surging demand from emerging markets in India and China. Volvo Aero produces engine components for all the major aero engine manufacturers, meaning that GKN now has a significant and broad presence in the global jet engine market. This should complement its existing aerostructure business (it builds wings for Airbus, for example) and leave it well positioned to take advantage of global demand for new aircraft. Bet on jets Secondly, Boeing and GKN are not the only people expecting an upturn demand for jet aircraft. Billionaire investor Warren Buffett's ability to time his purchases to take advantages of market cycles is legendary -- and his private jet service company NetJets has just placed a $9.6bn order for 425 new planes. Fair price Of course, a good deal can turn bad if the price isn't right, but GKN seems to have done well in this department, too. The £633m being paid for Volvo Aero by GKN is made up of a £513m payment for the main business, plus a £70m refinancing deal and a £50m pension settlement. This equates to 0.9 times Volvo Aero's expected sales for 2012, and 6.3 times its expected EBITDA, which doesn't seem excessive in a rising market. GKN is paying for the acquisition with new debt and a £140m share issue, but the company says it expects Volvo Aero to make a positive contribution to the company's earnings and to generate a return in excess of its cost of capital immediately. This should mean that the company can continue to fund its rising dividend -- good news for Foolish shareholders. Buy GKN Even after today's share price surge, GKN is currently valued at just 8.3 times its 2011 earnings, which I think looks cheap for such a large, diverse engineer. Trading profit has risen by 13% so far this year on an underlying basis, and the company is planning a 20% hike in its interim dividend when it publishes half-year results at the end of this month. This should push its current 3.2% yield closer to 4%, taking it into income territory.
Gkn share price data is direct from the London Stock Exchange
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