Travis Perkins plc (TPK) Stock Rating Reaffirmed by Liberum Capital
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research report issued on Tuesday. They currently have a GBX 1,825 ($23.82) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 15.80% from the stock’s previous close.
Several other research firms have also recently issued reports on TPK. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,310 ($30.15) target price on shares of Travis Perkins plc in a research note on Wednesday, May 25th. Deutsche Bank AG reissued a “buy” rating on shares of Travis Perkins plc in a research note on Tuesday, May 31st. Goodbody reissued a “hold” rating on shares of Travis Perkins plc in a research note on Friday, September 9th. Finally, Barclays PLC cut Travis Perkins plc to an “underweight” rating and cut their target price for the stock from GBX 1,950 ($25.45) to GBX 1,400 ($18.27) in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,822.42 ($23.79).
Travis Perkins plc (LON:TPK) opened at 1581.00 on Tuesday. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The company’s market capitalization is GBX 3.93 billion. The stock has a 50 day moving average price of GBX 1,596.28 and a 200 day moving average price of GBX 1,703.20.
The company also recently declared a dividend, which will be paid on Tuesday, November 8th. Investors of record on Thursday, October 6th will be given a dividend of GBX 15.25 ($0.20) per share. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Rogers,John bought 41 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was acquired at an average price of GBX 1,670 ($21.80) per share, with a total value of £684.70 ($893.75). Also, insider Redfern,Peter bought 7,019 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was bought at an average cost of GBX 1,412 ($18.43) per share, with a total value of £99,108.28 ($129,367.29).
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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