Travis Perkins plc (TPK) Downgraded by Royal Bank Of Canada
Travis Perkins plc (LON:TPK) was downgraded by research analysts at Royal Bank Of Canada to a “sector performer” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 1,450 ($17.95) target price on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 0.41% from the company’s previous close.
TPK has been the subject of several other research reports. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,220 ($27.48) target price on shares of Travis Perkins plc in a research note on Monday, June 20th. Goodbody reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Tuesday, August 2nd. Canaccord Genuity reiterated 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. Peel Hunt reiterated a “hold” rating and set a GBX 1,910 ($23.64) target price on shares of Travis Perkins plc in a research note on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 1,452 ($17.97) target price on shares of Travis Perkins plc in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Travis Perkins plc currently has an average rating of “Hold” and an average target price of GBX 1,777.68 ($22.00).
Shares of Travis Perkins plc (LON:TPK) opened at 1455.00 on Thursday. Travis Perkins plc has a 12 month low of GBX 1,090.00 and a 12 month high of GBX 2,064.00. The stock’s market capitalization is GBX 3.62 billion. The firm has a 50 day moving average of GBX 1,586.17 and a 200-day moving average of GBX 1,675.48.
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The company also recently disclosed a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 15.25 ($0.19) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Rogers,John acquired 41 shares of Travis Perkins plc stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 1,670 ($20.67) per share, with a total value of £684.70 ($847.40). Also, insider Ruth Anderson acquired 53 shares of Travis Perkins plc stock in a transaction on Monday, October 3rd. The shares were purchased at an average cost of GBX 1,564 ($19.36) per share, with a total value of £828.92 ($1,025.89).
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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