Travis Perkins plc (TPK) Receives Outperform Rating from Credit Suisse Group AG
Credit Suisse Group AG restated their outperform rating on shares of Travis Perkins plc (LON:TPK) in a report issued on Friday morning. They currently have a GBX 1,950 ($25.45) price objective on the stock.
Other analysts have also issued research reports about the stock. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,220 ($28.98) price objective on shares of Travis Perkins plc in a research note on Sunday, June 26th. Jefferies Group cut their price objective on shares of Travis Perkins plc from GBX 2,390 ($31.20) to GBX 1,760 ($22.97) and set a buy rating on the stock in a research note on Wednesday, June 29th. Canaccord Genuity reiterated a buy rating and issued a GBX 1,740 ($22.71) price objective on shares of Travis Perkins plc in a research note on Monday, July 18th. Liberum Capital cut their price objective on shares of Travis Perkins plc from GBX 2,200 ($28.72) to GBX 1,825 ($23.82) and set a buy rating on the stock in a research note on Thursday, July 14th. Finally, Citigroup Inc. reiterated a buy rating and issued a GBX 1,800 ($23.50) price objective on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 1,806.63 ($23.58).
Shares of Travis Perkins plc (LON:TPK) traded down 2.59% during mid-day trading on Friday, reaching GBX 1429.00. 1,311,731 shares of the company’s stock traded hands. The company’s market cap is GBX 3.56 billion. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The company’s 50 day moving average is GBX 1,595.56 and its 200 day moving average is GBX 1,683.46.
The business also recently declared a dividend, which will be paid on Tuesday, November 8th. Shareholders 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 Ruth Anderson purchased 53 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 1,564 ($20.42) per share, for a total transaction of £828.92 ($1,082.00). Also, insider Rogers,John purchased 41 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were bought at an average price of GBX 1,670 ($21.80) per share, with a total value of £684.70 ($893.75).
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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