Travis Perkins plc (TPK) Rating Reiterated by JPMorgan Chase & Co.
Travis Perkins plc (LON:TPK)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Travis Perkins plc in a report on Monday, July 25th. Canaccord Genuity reissued a “buy” rating and set a GBX 1,740 ($21.53) target price on shares of Travis Perkins plc in a research note on Monday, July 18th. Liberum Capital lowered their target price on shares of Travis Perkins plc from GBX 2,200 ($27.23) to GBX 1,825 ($22.59) and set a “buy” rating for the company in a research note on Thursday, July 14th. Jefferies Group lowered their target price on shares of Travis Perkins plc from GBX 2,390 ($29.58) to GBX 1,760 ($21.78) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Finally, Citigroup Inc. reissued a “buy” rating and set a GBX 1,800 ($22.28) target price on shares of Travis Perkins plc in a research note on Wednesday, August 3rd. One equities research 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. Travis Perkins plc presently has a consensus rating of “Hold” and a consensus price target of GBX 1,806.63 ($22.36).
Travis Perkins plc (LON:TPK) opened at 1452.00 on Tuesday. The stock’s 50 day moving average is GBX 1,595.94 and its 200-day moving average is GBX 1,679.24. Travis Perkins plc has a 1-year low of GBX 1,090.00 and a 1-year high of GBX 2,064.00. The firm’s market capitalization is GBX 3.61 billion.
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The business also recently announced a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be paid a GBX 15.25 ($0.19) dividend. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 6th.
In other Travis Perkins plc news, insider Rogers,John purchased 41 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were bought at an average cost of GBX 1,670 ($20.67) per share, for a total transaction of £684.70 ($847.40). Also, insider Ruth Anderson purchased 53 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were acquired at an average price of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89).
About Travis Perkins plc
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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