Travis Perkins plc (TPK) Receives Consensus Recommendation of “Buy” from Analysts
Travis Perkins plc (LON:TPK) has been given an average recommendation of “Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,682.85 ($22.32).
TPK has been the topic of a number of research analyst reports. Shore Capital reissued a “hold” rating on shares of Travis Perkins plc in a research note on Friday, August 11th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,545 ($20.49) price objective on shares of Travis Perkins plc in a research report on Thursday, August 3rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,650 ($21.89) price objective on shares of Travis Perkins plc in a research report on Monday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,865 ($24.74) target price on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Finally, Berenberg Bank dropped their target price on shares of 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.
Shares of Travis Perkins plc (TPK) opened at 1428.00 on Wednesday. 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 one year low of GBX 1,301.00 and a one year high of GBX 1,709.00. The stock’s market cap is GBX 3.60 billion.
The business also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, September 28th will be paid a dividend of GBX 15.50 ($0.21) per share. The ex-dividend date is Thursday, September 28th. This represents a yield of 1.02%.
ILLEGAL ACTIVITY NOTICE: “Travis Perkins plc (TPK) Receives Consensus Recommendation of “Buy” from Analysts” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/04/travis-perkins-plc-tpk-receives-consensus-recommendation-of-buy-from-analysts.html.
In other news, insider Christopher Rogers purchased 53 shares of the stock in a transaction on Friday, September 1st. The stock was bought at an average price of GBX 1,504 ($19.95) per share, for a total transaction of £797.12 ($1,057.33). Also, insider Frank Elkins sold 2,282 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 1,455 ($19.30), for a total transaction of £33,203.10 ($44,041.78). In the last 90 days, insiders have acquired 346 shares of company stock worth $508,098.
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.
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.