Travis Perkins plc (TPK) Price Target Cut to GBX 1,580 by Analysts at Peel Hunt
Travis Perkins plc (LON:TPK) had its price objective cut by analysts at Peel Hunt from GBX 1,910 ($23.28) to GBX 1,580 ($19.26) in a report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s price objective points to a potential upside of 6.18% from the company’s previous close.
Several other analysts have also weighed in on TPK. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,800 ($21.94) price objective on shares of Travis Perkins plc in a report on Wednesday, August 3rd. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,600 ($19.50) price objective on shares of Travis Perkins plc in a 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 report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,906 ($23.23) price objective on shares of Travis Perkins plc in a report on Wednesday, August 3rd. Finally, 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 report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. Travis Perkins plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,760.32 ($21.45).
Shares of Travis Perkins plc (LON:TPK) opened at 1387.00 on Wednesday. The firm’s market capitalization is GBX 3.45 billion. The firm’s 50-day moving average is GBX 1,566.03 and its 200 day moving average is GBX 1,665.94. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/travis-perkins-plc-tpk-price-target-cut-to-gbx-1580-by-analysts-at-peel-hunt.html
The company also recently declared a dividend, which will be paid on Tuesday, November 8th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 15.25 ($0.19) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a dividend yield of 0.99%.
In other news, insider Ruth Anderson purchased 53 shares of Travis Perkins plc stock in a transaction dated Monday, October 3rd. The shares were bought 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 purchased 43 shares of Travis Perkins plc stock in a transaction dated Monday, August 1st. The shares were 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.
Receive News & Ratings for Travis Perkins plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins plc and related companies with MarketBeat.com's FREE daily email newsletter.