Travis Perkins plc (TPK) Price Target Raised to GBX 1,950 at Credit Suisse Group AG
Travis Perkins plc (LON:TPK) had its price objective upped by Credit Suisse Group AG from GBX 1,650 ($21.54) to GBX 1,950 ($25.45) in a research note released on Friday morning. The brokerage currently has an outperform rating on the stock.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank AG reissued a buy rating on shares of Travis Perkins plc in a research report on Monday, June 6th. Liberum Capital reissued a buy rating and issued a GBX 2,500 ($32.63) price objective on shares of Travis Perkins plc in a research report on Thursday, August 25th. Finally, Goodbody reissued a hold rating on shares of Travis Perkins plc in a research report on Friday, September 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 1,806.63 ($23.58).
Travis Perkins plc (LON:TPK) traded up 2.98% during mid-day trading on Friday, hitting GBX 1590.00. 675,500 shares of the stock traded hands. The company’s market cap is GBX 3.96 billion. The firm’s 50-day moving average is GBX 1,596.19 and its 200-day moving average is GBX 1,692.24. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00.
The business also recently announced a dividend, which will be paid on Tuesday, November 8th. Investors of record on Thursday, October 6th will be given a GBX 15.25 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.99%.
In other Travis Perkins plc news, insider Rogers,John acquired 41 shares of Travis Perkins plc stock in a transaction dated Thursday, September 1st. The stock was bought at an average price of GBX 1,670 ($21.80) per share, for a total transaction of £684.70 ($893.75). Also, insider Ruth Anderson acquired 53 shares of Travis Perkins plc stock in a transaction dated Monday, October 3rd. The shares were acquired at an average price of GBX 1,564 ($20.42) per share, with a total value of £828.92 ($1,082.00).
Travis Perkins plc Company Profile
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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