Travis Perkins plc (TPK) Downgraded by Royal Bank Of Canada
Travis Perkins plc (LON:TPK) was downgraded by research analysts at Royal Bank Of Canada to a “sector performer” rating in a research note issued to investors on Thursday. They currently have a GBX 1,450 ($17.95) target price on the stock. Royal Bank Of Canada’s price target points to a potential downside of 0.41% from the stock’s current price.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,775 ($21.97) target price on shares of Travis Perkins plc in a research note on Tuesday. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,950 ($24.13) target price on shares of Travis Perkins plc in a research note on Friday, October 7th. Deutsche Bank AG reissued a “buy” rating on shares of Travis Perkins plc in a research note on Thursday, October 6th. Liberum Capital reissued a “buy” rating and set a GBX 1,825 ($22.59) target price on shares of Travis Perkins plc in a research note on Tuesday, September 20th. Finally, Goodbody reissued a “hold” rating on shares of Travis Perkins plc in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Travis Perkins plc presently has a consensus rating of “Hold” and an average price target of GBX 1,777.68 ($22.00).
Travis Perkins plc (LON:TPK) opened at 1455.00 on Thursday. The firm’s 50 day moving average is GBX 1,586.17 and its 200 day moving average is GBX 1,675.48. The company’s market cap is GBX 3.62 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 firm also recently announced a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 15.25 ($0.19) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.99%.
In other news, insider Ruth Anderson acquired 53 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were bought at an average cost of GBX 1,564 ($19.36) per share, with a total value of £828.92 ($1,025.89). Also, insider Rogers,John acquired 41 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was purchased at an average cost of GBX 1,670 ($20.67) per share, for a total transaction of £684.70 ($847.40).
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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