Liberum Capital Reaffirms Buy Rating for Travis Perkins plc (TPK)
Liberum Capital reissued their buy rating on shares of Travis Perkins plc (LON:TPK) in a research report released on Thursday morning. They currently have a GBX 1,650 ($21.92) target price on the stock.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG lifted their price target on shares of Travis Perkins plc from GBX 1,795 ($23.85) to GBX 1,837 ($24.41) and gave the stock a buy rating in a research note on Friday, July 28th. Canaccord Genuity reiterated a buy rating and set a GBX 1,865 ($24.78) price target on shares of Travis Perkins plc in a research note on Wednesday, August 2nd. Berenberg Bank cut their price target on shares of Travis Perkins plc from GBX 1,800 ($23.92) to GBX 1,700 ($22.59) and set a buy rating on the stock in a research note on Wednesday, August 9th. Citigroup Inc. reiterated a buy rating on shares of Travis Perkins plc in a research note on Friday, October 13th. Finally, Jefferies Group LLC lifted their price target on shares of Travis Perkins plc from GBX 1,670 ($22.19) to GBX 1,890 ($25.11) and gave the stock a buy rating in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 1,693.50 ($22.50).
Shares of Travis Perkins plc (TPK) opened at 1505.00 on Thursday. The stock’s market capitalization is GBX 3.79 billion. Travis Perkins plc has a one year low of GBX 1,301.00 and a one year high of GBX 1,709.00. The stock’s 50 day moving average is GBX 1,457.86 and its 200-day moving average is GBX 1,518.36.
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The company also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, September 28th will be issued a GBX 15.50 ($0.21) dividend. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 28th.
In other news, insider Alan Williams bought 125 shares of the stock in a transaction dated Wednesday, October 4th. The shares were acquired at an average price of GBX 1,430 ($19.00) per share, with a total value of £1,787.50 ($2,375.10). Also, insider Christopher Rogers bought 52 shares of the stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of GBX 1,518 ($20.17) per share, for a total transaction of £789.36 ($1,048.84). In the last ninety days, insiders bought 471 shares of company stock worth $686,848.
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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