Travis Perkins plc (LON:TPK) Receives Average Recommendation of “Hold” from Analysts
Travis Perkins plc (LON:TPK) has received a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the company. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,811.82 ($23.65).
TPK has been the subject of a number of analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Travis Perkins plc in a research note on Tuesday, May 31st. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 1,452 ($18.95) price target on shares of Travis Perkins plc in a research note on Tuesday, June 28th. Jefferies Group reduced their price target on shares of Travis Perkins plc from GBX 2,390 ($31.20) to GBX 1,760 ($22.97) and set a “buy” rating for the company in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,400 ($31.33) price target on shares of Travis Perkins plc in a research note on Thursday, June 30th. Finally, Berenberg Bank lowered shares of Travis Perkins plc to a “hold” rating and reduced their price target for the stock from GBX 2,300 ($30.02) to GBX 1,540 ($20.10) in a research note on Thursday, June 30th.
In related news, insider Rogers,John bought 41 shares of the stock in a transaction dated Thursday, September 1st. The shares were purchased at an average price of GBX 1,670 ($21.80) per share, with a total value of £684.70 ($893.75). Also, insider Rogers ,Christopher bought 58 shares of the stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of GBX 1,466 ($19.14) per share, for a total transaction of £850.28 ($1,109.88).
Travis Perkins plc (LON:TPK) traded up 2.47% during mid-day trading on Wednesday, reaching GBX 1537.00. 1,451,057 shares of the company were exchanged. The stock’s market capitalization is GBX 3.82 billion. Travis Perkins plc has a one year low of GBX 1,090.00 and a one year high of GBX 2,064.00. The stock has a 50 day moving average of GBX 1,598.51 and a 200-day moving average of GBX 1,696.23.
The business also recently announced a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be issued a GBX 15.25 ($0.20) dividend. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, October 6th.
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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