Travis Perkins plc (TPK) Receives Buy Rating from Deutsche Bank AG
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a report issued on Thursday. They presently have a GBX 1,875 ($23.21) price objective on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 28.78% from the company’s current price.
TPK has been the subject of several other research reports. Credit Suisse Group AG raised their price objective on shares of Travis Perkins plc from GBX 1,650 ($20.42) to GBX 1,950 ($24.13) and gave the stock an “outperform” rating in a research note on Friday, September 30th. Canaccord Genuity decreased their price objective on shares of Travis Perkins plc from GBX 1,740 ($21.53) to GBX 1,710 ($21.16) and set a “buy” rating for the company in a research note on Monday, August 22nd. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,500 ($30.94) target price on shares of Travis Perkins plc in a research report on Thursday, August 25th. Goodbody reaffirmed a “hold” rating on shares of Travis Perkins plc in a research report on Friday, September 9th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 1,452 ($17.97) target price on shares of Travis Perkins plc in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,777.68 ($22.00).
Travis Perkins plc (LON:TPK) opened at 1455.00 on Thursday. The stock’s market cap is GBX 3.62 billion. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The firm’s 50 day moving average price is GBX 1,586.17 and its 200-day moving average price is GBX 1,675.48.
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The business also recently disclosed a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 15.25 ($0.19) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.99%.
In related news, insider Ruth Anderson acquired 53 shares of the stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89). Also, insider Rogers,John acquired 43 shares of the stock in a transaction dated Monday, August 1st. The shares were bought at an average price of GBX 1,582 ($19.58) per share, with a total value of £680.26 ($841.91).
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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