Travis Perkins plc Stock Rating Reaffirmed by Cantor Fitzgerald Europe (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Wednesday. They currently have a GBX 2,100 ($35.66) price objective on the stock. Cantor Fitzgerald Europe‘s price target suggests a potential upside of 24.33% from the stock’s previous close.
Shares of Travis Perkins plc (LON:TPK) traded up 2.67% during mid-day trading on Wednesday, hitting GBX 1689.00. The stock had a trading volume of 1,679,826 shares. Travis Perkins plc has a 1-year low of GBX 1538.00 and a 1-year high of GBX 2000.00. The stock’s 50-day moving average is GBX 1627. and its 200-day moving average is 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. Investors 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 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. Separately, 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. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Travis Perkins plc in a research note on Thursday, July 24th. They now have a GBX 1,558 ($26.46) price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Travis Perkins plc presently has an average rating of “Hold” and a consensus 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.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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