Travis Perkins plc (TPK) Earns Buy Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of Travis Perkins plc (LON:TPK) in a research note issued to investors on Thursday. The brokerage currently has a GBX 1,650 ($21.42) price target on the stock.
Several other analysts also recently weighed in on the company. Shore Capital reiterated a hold rating on shares of Travis Perkins plc in a research note on Friday, August 11th. Berenberg Bank dropped their price target on Travis Perkins plc from GBX 1,800 ($23.37) to GBX 1,700 ($22.07) and set a buy rating on the stock in a research note on Wednesday, August 9th. Numis Securities Ltd reissued a hold rating and issued a GBX 1,545 ($20.06) price objective on shares of Travis Perkins plc in a report on Thursday, August 3rd. Canaccord Genuity reissued a buy rating and issued a GBX 1,865 ($24.21) price objective on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Finally, Peel Hunt reissued a hold rating and issued a GBX 1,625 ($21.10) price objective on shares of Travis Perkins plc in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 1,682.85 ($21.85).
Travis Perkins plc (TPK) opened at 1483.00 on Thursday. The stock has a 50 day moving average price of GBX 1,483.73 and a 200 day moving average price of GBX 1,531.37. The company’s market cap is GBX 3.73 billion. Travis Perkins plc has a 1-year low of GBX 1,301.00 and a 1-year high of GBX 1,714.00.
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The firm also recently declared a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, September 28th will be issued a GBX 15.50 ($0.20) dividend. The ex-dividend date is Thursday, September 28th. This represents a yield of 1.02%.
In other Travis Perkins plc news, insider Christopher Rogers purchased 52 shares of Travis Perkins plc stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average price of GBX 1,518 ($19.71) per share, with a total value of £789.36 ($1,024.74). Also, insider Frank Elkins sold 4,300 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of GBX 1,608 ($20.87), for a total value of £69,144 ($89,762.43). Insiders purchased a total of 149 shares of company stock valued at $228,433 in the last ninety days.
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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