Travis Perkins plc (TPK) PT Raised to GBX 1,800 at Berenberg Bank
Travis Perkins plc (LON:TPK) had its price target upped by Berenberg Bank from GBX 1,700 ($22.43) to GBX 1,800 ($23.75) in a report released on Friday morning. The brokerage currently has a buy rating on the stock.
TPK has been the subject of a number of other reports. Peel Hunt restated a hold rating and set a GBX 1,625 ($21.44) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. Shore Capital restated a hold rating on shares of Travis Perkins plc in a research report on Friday, August 11th. Numis Securities Ltd restated a hold rating and set a GBX 1,545 ($20.39) price objective on shares of Travis Perkins plc in a research report on Thursday, August 3rd. Citigroup Inc. restated a buy rating on shares of Travis Perkins plc in a research report on Friday, October 13th. Finally, Deutsche Bank AG restated a buy rating on shares of Travis Perkins plc in a research report on Wednesday, July 19th. One 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. Travis Perkins plc has an average rating of Buy and a consensus price target of GBX 1,701.83 ($22.46).
Travis Perkins plc (LON TPK) opened at 1521.00 on Friday. The stock’s 50 day moving average is GBX 1,459.36 and its 200-day moving average is GBX 1,518.49. The firm’s market cap is GBX 3.83 billion. Travis Perkins plc has a 1-year low of GBX 1,301.00 and a 1-year high of GBX 1,709.00.
WARNING: “Travis Perkins plc (TPK) PT Raised to GBX 1,800 at Berenberg Bank” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/31/travis-perkins-plc-tpk-pt-raised-to-gbx-1800-at-berenberg-bank.html.
The company also recently declared a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, September 28th will be paid a dividend of GBX 15.50 ($0.20) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 28th.
In other news, insider Frank Elkins sold 2,282 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of GBX 1,455 ($19.20), for a total transaction of £33,203.10 ($43,815.12). Also, insider Stuart J. Chambers purchased 241 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were purchased at an average cost of GBX 1,450 ($19.13) per share, with a total value of £3,494.50 ($4,611.38). Insiders have bought a total of 419 shares of company stock valued at $607,912 over the last ninety days.
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.
Receive News & Stock Ratings for Travis Perkins plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins plc and related stocks with our FREE daily email newsletter.