Travis Perkins plc’s (TPK) “Overweight” Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Travis Perkins plc (LON:TPK) in a research note published on Tuesday morning. The brokerage currently has a GBX 1,775 ($21.97) target price on the stock.
A number of other equities analysts have also issued reports on the company. Credit Suisse Group AG restated an outperform rating and issued a GBX 1,950 ($24.13) target price on shares of Travis Perkins plc in a research note on Friday, October 7th. Deutsche Bank AG restated a buy rating on shares of Travis Perkins plc in a research note on Thursday, October 6th. Liberum Capital restated a buy rating and issued a GBX 1,825 ($22.59) target price on shares of Travis Perkins plc in a research note on Tuesday, September 20th. Goodbody restated a hold rating on shares of Travis Perkins plc in a research note on Friday, September 9th. Finally, Canaccord Genuity reduced their target price on Travis Perkins plc from GBX 1,740 ($21.53) to GBX 1,710 ($21.16) and set a buy rating for the company in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Travis Perkins plc has an average rating of Hold and a consensus target price of GBX 1,777.68 ($22.00).
Travis Perkins plc (LON:TPK) opened at 1451.00 on Tuesday. The company’s market cap is GBX 3.61 billion. The stock has a 50 day moving average price of GBX 1,584.43 and a 200-day moving average price of GBX 1,674.09. Travis Perkins plc has a 1-year low of GBX 1,090.00 and a 1-year 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 issued a dividend of GBX 15.25 ($0.19) per share. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, October 6th.
In related news, insider Rogers,John bought 41 shares of the stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of GBX 1,670 ($20.67) per share, for a total transaction of £684.70 ($847.40). Also, insider Ruth Anderson bought 53 shares of the stock in a transaction dated Monday, October 3rd. The shares were bought at an average price of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89).
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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