Travis Perkins plc’s (TPK) “Buy” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Travis Perkins plc (LON:TPK) in a report published on Friday morning. The firm currently has a GBX 1,875 ($24.47) price objective on the stock.
TPK has been the subject of a number of other reports. Canaccord Genuity lowered their target price on shares of Travis Perkins plc from GBX 1,740 ($22.71) to GBX 1,710 ($22.32) and set a buy rating for the company in a research note on Monday, August 22nd. Liberum Capital reiterated a buy rating and issued a GBX 2,500 ($32.63) target price on shares of Travis Perkins plc in a research note on Thursday, August 25th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 2,250 ($29.37) target price on shares of Travis Perkins plc in a research note on Monday, July 4th. Goodbody reiterated a hold rating on shares of Travis Perkins plc in a research note on Friday, September 9th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 1,452 ($18.95) target price on shares of Travis Perkins plc in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. Travis Perkins plc currently has a consensus rating of Hold and a consensus price target of GBX 1,822.42 ($23.79).
Travis Perkins plc (LON:TPK) opened at 1574.00 on Friday. The firm has a 50 day moving average of GBX 1,598.22 and a 200-day moving average of GBX 1,704.63. Travis Perkins plc has a 52-week low of GBX 1,090.00 and a 52-week high of GBX 2,064.00. The company’s market capitalization is GBX 3.92 billion.
The company also recently announced a dividend, which will be paid on Tuesday, November 8th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 15.25 ($0.20) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.99%.
In other Travis Perkins plc news, insider Rogers,John purchased 41 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of GBX 1,670 ($21.80) per share, with a total value of £684.70 ($893.75). Also, insider Redfern,Peter purchased 7,019 shares of the stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired 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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