Travis Perkins plc’s Hold Rating Reaffirmed at Deutsche Bank (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 1,901 ($32.28) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 12.55% from the company’s current price.
Shares of Travis Perkins plc (LON:TPK) opened at 1689.00 on Wednesday. Travis Perkins plc has a one year low of GBX 1538.00 and a one year high of GBX 2000.72. The stock’s 50-day moving average is GBX 1626. and its 200-day moving average is GBX 1760.. The company’s market cap is £4.116 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, November 11th. Stockholders of record on Thursday, October 9th will be paid a dividend of GBX 12.25 ($0.21) per share. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, October 9th.
TPK has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Wednesday, July 23rd. They now have a GBX 2,230 ($37.87) price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,876.65 ($31.87).
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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