Travis Perkins plc (TPK) Insider Acquires £1,787.50 in Stock
Travis Perkins plc (LON:TPK) insider Alan Williams bought 125 shares of Travis Perkins plc stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average price of GBX 1,430 ($18.97) per share, with a total value of £1,787.50 ($2,371.00).
Travis Perkins plc (LON:TPK) traded down 1.52% during mid-day trading on Wednesday, reaching GBX 1425.00. 1,059,532 shares of the company’s stock traded hands. The stock’s market cap is GBX 3.59 billion. The company has a 50 day moving average price of GBX 1,465.56 and a 200-day moving average price of GBX 1,523.67. Travis Perkins plc has a 12 month low of GBX 1,301.00 and a 12 month high of GBX 1,709.00.
The business also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, September 28th will be given a dividend of GBX 15.50 ($0.21) per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 1.02%.
TPK has been the topic of several recent research reports. Deutsche Bank AG lifted their price target on shares of Travis Perkins plc from GBX 1,795 ($23.81) to GBX 1,837 ($24.37) and gave the company a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC increased their price objective on shares of Travis Perkins plc from GBX 1,670 ($22.15) to GBX 1,890 ($25.07) and gave the stock a “buy” rating in a research note on Monday, June 26th. Liberum Capital restated a “buy” rating and set a GBX 1,650 ($21.89) price objective on shares of Travis Perkins plc in a research note on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating and issued a GBX 1,865 ($24.74) price objective on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Finally, Berenberg Bank decreased their price objective on Travis Perkins plc from GBX 1,800 ($23.88) to GBX 1,700 ($22.55) and set a “buy” rating for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 1,682.85 ($22.32).
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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