Travis Perkins plc (TPK) Receives Consensus Rating of “Buy” from Brokerages
Shares of Travis Perkins plc (LON:TPK) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 1,707.45 ($22.53).
A number of equities analysts have commented on TPK shares. Liberum Capital restated a “buy” rating and issued a GBX 1,650 ($21.77) target price on shares of Travis Perkins plc in a research note on Tuesday, July 11th. Deutsche Bank AG reiterated a “buy” rating on shares of Travis Perkins plc in a research report on Wednesday, July 19th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,700 ($22.43) price objective on shares of Travis Perkins plc in a research report on Thursday, July 20th. Peel Hunt reiterated a “hold” rating and set a GBX 1,625 ($21.44) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 1,865 ($24.61) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 2nd.
In other news, insider Alan Williams bought 125 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average cost of GBX 1,430 ($18.87) per share, with a total value of £1,787.50 ($2,358.80). Also, insider Christopher Rogers bought 52 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of GBX 1,518 ($20.03) per share, for a total transaction of £789.36 ($1,041.65). In the last three months, insiders have purchased 471 shares of company stock worth $686,848.
Shares of Travis Perkins plc (TPK) opened at 1542.00 on Friday. The firm’s market capitalization is GBX 3.88 billion. Travis Perkins plc has a 52-week low of GBX 1,301.00 and a 52-week high of GBX 1,709.00. The firm’s 50-day moving average price is GBX 1,459.03 and its 200-day moving average price is GBX 1,518.82.
The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, September 28th will be issued a dividend of GBX 15.50 ($0.20) per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a yield of 1.02%.
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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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