Travis Perkins plc’s (TPK) Buy Rating Reiterated at Deutsche Bank AG
TPK has been the topic of several other reports. Credit Suisse Group AG increased their price objective on shares of Travis Perkins plc from GBX 1,650 ($20.42) to GBX 1,950 ($24.13) and gave the company an outperform rating in a report on Friday, September 30th. Canaccord Genuity decreased their price target on shares of Travis Perkins plc from GBX 1,740 ($21.53) to GBX 1,710 ($21.16) and set a buy rating on the stock in a research note on Monday, August 22nd. Liberum Capital reissued a buy rating and issued a GBX 2,500 ($30.94) price target on shares of Travis Perkins plc in a research note on Thursday, August 25th. Goodbody reissued a hold rating on shares of Travis Perkins plc in a research note on Friday, September 9th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 1,452 ($17.97) price target 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 issued a hold rating and ten have given a buy rating to the company. Travis Perkins plc has a consensus rating of Hold and a consensus price target of GBX 1,806.63 ($22.36).
Travis Perkins plc (LON:TPK) opened at 1475.00 on Thursday. The stock’s market cap is GBX 3.67 billion. Travis Perkins plc has a 1-year low of GBX 1,090.00 and a 1-year high of GBX 2,064.00. The company’s 50 day moving average is GBX 1,589.69 and its 200-day moving average is GBX 1,677.04.
The company also recently declared a dividend, which will be paid on Tuesday, November 8th. Investors of record on Thursday, October 6th will be paid a GBX 15.25 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.99%.
In other news, insider Ruth Anderson purchased 53 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was bought at an average price of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89). Also, insider Rogers,John purchased 43 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of GBX 1,582 ($19.58) per share, with a total value of £680.26 ($841.91).
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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