Travis Perkins plc (TPK) Given “Buy” Rating at Deutsche Bank AG
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating restated by Deutsche Bank AG in a report issued on Thursday.
Other research analysts also recently issued reports about the stock. Goodbody reissued a “hold” rating on shares of Travis Perkins plc in a research report on Tuesday, August 2nd. Numis Securities Ltd restated a “hold” rating and set a GBX 1,600 ($20.89) price target on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,775 ($23.17) price target on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. Liberum Capital restated a “buy” rating and set a GBX 1,825 ($23.82) price target on shares of Travis Perkins plc in a research note on Thursday, August 4th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 1,740 ($22.71) price target on shares of Travis Perkins plc in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned 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).
Shares of Travis Perkins plc (LON:TPK) opened at 1554.00 on Thursday. Travis Perkins plc has a 52-week low of GBX 1,090.00 and a 52-week high of GBX 2,064.00. The firm’s market capitalization is GBX 3.87 billion. The stock has a 50 day moving average of GBX 1,597.36 and a 200-day moving average of GBX 1,686.11.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 15.25 ($0.20) per share. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Rogers,John acquired 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, for a total transaction of £684.70 ($893.75). Also, insider Ruth Anderson acquired 53 shares of the stock in a transaction dated Monday, October 3rd. The shares were bought at an average price of GBX 1,564 ($20.42) per share, for a total transaction 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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