Travis Perkins plc Price Target Lowered to GBX 2,100 at Liberum Capital (TPK)
Investment analysts at Liberum Capital reduced their price target on shares of Travis Perkins plc (LON:TPK) from GBX 2,190 ($36.61) to GBX 2,100 ($35.11) in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential upside of 24.63% from the company’s current price.
A number of other analysts have also recently weighed in on TPK. Analysts at Numis Securities Ltd upgraded shares of Travis Perkins plc to an “add” rating in a research note on Thursday, July 31st. They now have a GBX 1,900 ($31.76) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Travis Perkins plc in a research note on Thursday, July 31st. They now have a GBX 2,100 ($35.11) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Wednesday, July 30th. They now have a GBX 2,066 ($34.54) price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,872.15 ($31.30).
Shares of Travis Perkins plc (LON:TPK) traded up 1.90% during mid-day trading on Monday, hitting GBX 1717.00. 228,653 shares of the company’s stock traded hands. Travis Perkins plc has a one year low of GBX 1538.00 and a one year high of GBX 2000.00. The stock has a 50-day moving average of GBX 1645. and a 200-day moving average of GBX 1749.68. The company’s market cap is £4.184 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 ($0.20) per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, October 9th.
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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