Travis Perkins plc (TPK) Receives “Buy” Rating from Canaccord Genuity
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued on Wednesday. They presently have a GBX 1,710 ($20.84) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 14.92% from the company’s previous close.
Several other brokerages have also issued reports on TPK. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,220 ($27.06) target price on shares of Travis Perkins plc in a research report on Sunday, June 26th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,800 ($21.94) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 3rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,825 ($22.24) price objective on shares of Travis Perkins plc in a research report on Thursday, August 4th. Jefferies Group raised their price objective on Travis Perkins plc from GBX 1,760 ($21.45) to GBX 1,770 ($21.57) and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Peel Hunt reduced their price objective on Travis Perkins plc from GBX 1,910 ($23.28) to GBX 1,580 ($19.26) and set a “hold” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Travis Perkins plc presently has an average rating of “Hold” and a consensus target price of GBX 1,760.32 ($21.45).
Travis Perkins plc (LON:TPK) traded down 4.76% on Wednesday, reaching GBX 1417.22. The company’s stock had a trading volume of 4,806,477 shares. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The company’s 50 day moving average price is GBX 1,566.03 and its 200-day moving average price is GBX 1,665.94. The stock’s market cap is GBX 3.53 billion.
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The firm also recently declared a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 15.25 ($0.19) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.99%.
In other news, insider Ruth Anderson bought 53 shares of Travis Perkins plc stock in a transaction dated Monday, October 3rd. The shares were purchased at an average cost of GBX 1,564 ($19.06) per share, with a total value of £828.92 ($1,010.26). Also, insider Rogers,John bought 43 shares of Travis Perkins plc stock in a transaction dated Monday, August 1st. The stock was purchased at an average cost of GBX 1,582 ($19.28) per share, for a total transaction of £680.26 ($829.08).
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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