Travis Perkins plc Earns Hold Rating from Berenberg Bank (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,800 ($30.09) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 4.65% from the stock’s previous close.
Shares of Travis Perkins plc (LON:TPK) traded down 0.41% during mid-day trading on Wednesday, hitting GBX 1712.9999. 190,928 shares of the company’s stock traded hands. 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 1649. and a 200-day moving average of GBX 1749.. The company’s market cap is £4.174 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, November 11th. Shareholders of record on Thursday, October 9th will be paid a dividend of GBX 12.25 ($0.20) per share. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, October 9th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital cut their price target on shares of Travis Perkins plc from GBX 2,190 ($36.61) to GBX 2,100 ($35.11) in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. 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 stock. Travis Perkins plc presently has an average rating of “Hold” and an average target price of GBX 1,872.15 ($31.30).
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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