Travis Perkins plc’s (TPK) Outperform Rating Reiterated at Credit Suisse Group AG
Travis Perkins plc (LON:TPK)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a GBX 1,950 ($25.45) target price on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 32.92% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Goodbody reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Tuesday, August 2nd. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,600 ($20.89) price objective on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. Deutsche Bank AG reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Monday, June 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,775 ($23.17) price objective on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. Finally, Liberum Capital restated a “buy” rating and set a GBX 1,825 ($23.82) target price on shares of Travis Perkins plc in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 1,806.63 ($23.58).
Travis Perkins plc (LON:TPK) traded down 3.93% during mid-day trading on Friday, hitting GBX 1467.00. The stock had a trading volume of 1,838,813 shares. The stock’s market cap is GBX 3.65 billion. The firm’s 50-day moving average is GBX 1,595.56 and its 200 day moving average is GBX 1,683.46. Travis Perkins plc has a one year low of GBX 1,090.00 and a one year high of GBX 2,064.00.
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The firm also recently declared a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 15.25 ($0.20) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.99%.
In other news, insider Ruth Anderson bought 53 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average price of GBX 1,564 ($20.42) per share, for a total transaction of £828.92 ($1,082.00). Also, insider Rogers,John bought 43 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of GBX 1,582 ($20.65) per share, for a total transaction of £680.26 ($887.95).
Travis Perkins plc Company Profile
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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