Travis Perkins plc (TPK) PT Raised to GBX 1,950 at Credit Suisse Group AG
Travis Perkins plc (LON:TPK) had its price objective lifted by research analysts at Credit Suisse Group AG from GBX 1,650 ($21.54) to GBX 1,950 ($25.45) in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 22.49% from the company’s previous close.
A number of other equities analysts have also commented on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Travis Perkins plc in a report on Friday, September 23rd. Liberum Capital reissued a “buy” rating and issued a GBX 1,825 ($23.82) price target on shares of Travis Perkins plc in a report on Tuesday, September 20th. Goodbody reissued a “hold” rating on shares of Travis Perkins plc in a report on Friday, September 9th. Canaccord Genuity decreased their price target on shares of 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. Finally, Barclays PLC lowered shares of Travis Perkins plc to an “underweight” rating and decreased their price target for the stock from GBX 1,950 ($25.45) to GBX 1,400 ($18.27) in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,806.63 ($23.58).
Travis Perkins plc (LON:TPK) opened at 1613.00 on Friday. The company’s market cap is GBX 4.01 billion. The company’s 50-day moving average is GBX 1,599.17 and its 200-day moving average is GBX 1,689.35. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00.
The business also recently announced a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be given a GBX 15.25 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.99%.
In related news, insider Rogers,John bought 43 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was purchased at an average cost of GBX 1,582 ($20.65) per share, with a total value of £680.26 ($887.95). Also, insider Ruth Anderson bought 53 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was bought at an average cost of GBX 1,564 ($20.42) per share, with a total value of £828.92 ($1,082.00).
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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