Travis Perkins plc Given Buy Rating at Panmure Gordon (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating restated by equities research analysts at Panmure Gordon in a research note issued to investors on Wednesday. They currently have a GBX 2,066 ($35.08) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 22.32% from the stock’s previous close.
Shares of Travis Perkins plc (LON:TPK) traded up 2.67% on Wednesday, hitting GBX 1689.00. The stock had a trading volume of 1,679,826 shares. Travis Perkins plc has a 52 week low of GBX 1538.00 and a 52 week high of GBX 2000.00. The stock has a 50-day moving average of GBX 1627. and a 200-day moving average of GBX 1761.. The company’s market cap is £4.110 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, November 11th. Stockholders of record on Thursday, October 9th will be given a dividend of GBX 12.25 ($0.21) per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, October 9th.
TPK has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Wednesday. They now have a GBX 2,100 ($35.66) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Wednesday. They now have a GBX 1,901 ($32.28) price target on the stock. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Travis Perkins plc in a research note on Friday, July 25th. They now have a GBX 1,430 ($24.28) price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,873.90 ($31.82).
Travis Perkins plc is a builder’s merchant and home improvement retailer in the United Kingdom. The Company’s segments include general merchanting, contracts merchanting, plumbing and heating merchanting, and consumer.
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