Travis Perkins plc (TPK) Given New GBX 1,580 Price Target at Peel Hunt
Travis Perkins plc (LON:TPK) had its price objective cut by equities researchers at Peel Hunt from GBX 1,910 ($23.28) to GBX 1,580 ($19.26) in a report released on Wednesday. The firm presently has a “hold” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 6.18% from the company’s previous close.
Several other equities analysts have also weighed in on TPK. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,875 ($22.85) price objective on shares of Travis Perkins plc in a research report on Thursday, October 13th. Royal Bank Of Canada lowered shares of Travis Perkins plc to a “sector performer” rating and cut their price objective for the company from GBX 2,000 ($24.38) to GBX 1,450 ($17.67) in a research report on Thursday, October 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,775 ($21.63) price objective on shares of Travis Perkins plc in a research report on Tuesday, October 11th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 1,950 ($23.77) price objective on shares of Travis Perkins plc in a research report on Friday, October 7th. Finally, 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 Tuesday, September 20th. One investment 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 stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,760.32 ($21.45).
Travis Perkins plc (LON:TPK) opened at 1391.00 on Wednesday. The stock has a 50 day moving average of GBX 1,566.03 and a 200 day moving average of GBX 1,665.94. The stock’s market capitalization is GBX 3.46 billion. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week 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. Shareholders of record on Thursday, October 6th will be paid 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 Travis Perkins plc news, insider Rogers,John purchased 41 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were purchased at an average price of GBX 1,670 ($20.35) per share, for a total transaction of £684.70 ($834.49). Also, insider Ruth Anderson purchased 53 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of GBX 1,564 ($19.06) per share, for a total transaction of £828.92 ($1,010.26).
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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