Travis Perkins plc’s (TPK) “Buy” Rating Reaffirmed at Deutsche Bank AG
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Friday.
TPK has been the topic of several other research reports. Canaccord Genuity decreased their price target on Travis Perkins plc from GBX 1,740 ($22.71) to GBX 1,710 ($22.32) and set a “buy” rating on the stock in a report on Monday, August 22nd. Liberum Capital reiterated a “buy” rating and issued a GBX 2,500 ($32.63) price target on shares of Travis Perkins plc in a report on Thursday, August 25th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 2,250 ($29.37) price target on shares of Travis Perkins plc in a report on Monday, July 4th. Goodbody reiterated a “hold” rating on shares of Travis Perkins plc in a report on Friday, September 9th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 1,452 ($18.95) target price on shares of Travis Perkins plc in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,822.42 ($23.79).
Shares of Travis Perkins plc (LON:TPK) opened at 1554.00 on Friday. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00. The company has a 50 day moving average price of GBX 1,600.05 and a 200 day moving average price of GBX 1,702.24. The company’s market cap is GBX 3.87 billion.
The business also recently declared a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be paid a GBX 15.25 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.99%.
In related news, insider Rogers ,Christopher purchased 58 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was purchased at an average cost of GBX 1,466 ($19.14) per share, for a total transaction of £850.28 ($1,109.88). Also, insider Rogers,John purchased 41 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was 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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