Shares of Travis Perkins plc (LON:TPK) have received an average recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,682.85 ($21.73).

TPK has been the topic of several recent analyst reports. Peel Hunt increased their target price on shares of Travis Perkins plc from GBX 1,530 ($19.76) to GBX 1,625 ($20.99) and gave the stock a “hold” rating in a research note on Monday, June 19th. Liberum Capital reissued a “buy” rating and set a GBX 1,650 ($21.31) target price on shares of Travis Perkins plc in a research note on Tuesday, July 11th. Shore Capital reissued a “hold” rating on shares of Travis Perkins plc in a research note on Tuesday, June 27th. Deutsche Bank AG increased their target price on shares of Travis Perkins plc from GBX 1,795 ($23.18) to GBX 1,837 ($23.72) and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 1,865 ($24.09) target price on shares of Travis Perkins plc in a research note on Wednesday, August 2nd.

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In other Travis Perkins plc news, insider Christopher Rogers acquired 55 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was bought at an average price of GBX 1,465 ($18.92) per share, for a total transaction of £805.75 ($1,040.62). In the last quarter, insiders acquired 160 shares of company stock valued at $239,223.

Shares of Travis Perkins plc (LON:TPK) opened at 1469.00 on Friday. Travis Perkins plc has a 12-month low of GBX 1,301.00 and a 12-month high of GBX 1,709.00. The firm’s 50-day moving average price is GBX 1,495.54 and its 200-day moving average price is GBX 1,530.24. The company’s market capitalization is GBX 3.70 billion.

The firm also recently disclosed a dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, September 28th will be issued a GBX 15.50 ($0.20) dividend. The ex-dividend date is Thursday, September 28th. This represents a yield of 1.02%.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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