Cantor Fitzgerald Europe Reaffirms Buy Rating for Travis Perkins plc (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating restated by Cantor Fitzgerald Europe in a research note issued on Wednesday. They currently have a GBX 2,100 ($34.75) target price on the stock. Cantor Fitzgerald Europe‘s target price suggests a potential upside of 20.00% from the company’s current price.
Travis Perkins plc (LON:TPK) remained flat at GBX 1750.00 during during mid-day trading trading on Wednesday. The stock had a trading volume of 453,479 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 1660.68 and a 200-day moving average of GBX 1747.. The company’s market cap is £4.265 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.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Friday, August 22nd. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Wednesday, August 20th. They now have a GBX 1,800 ($29.79) price target on the stock. Finally, analysts at Liberum Capital cut their price target on shares of Travis Perkins plc from GBX 2,190 ($36.24) to GBX 2,100 ($34.75) in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 1,870.63 ($30.96).
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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