Deutsche Bank AG reissued their buy rating on shares of Travis Perkins plc (LON:TPK) in a research note released on Thursday morning. The firm currently has a GBX 1,875 ($22.85) target price on the stock.
Several other equities analysts also recently weighed in on TPK. Citigroup Inc. restated a buy rating and set a GBX 1,800 ($21.94) price target on shares of Travis Perkins plc in a report on Wednesday, August 3rd. Numis Securities Ltd restated a hold rating and set a GBX 1,600 ($19.50) price target on shares of Travis Perkins plc in a report on Wednesday, August 3rd. Liberum Capital restated a buy rating and set a GBX 1,825 ($22.24) price target on shares of Travis Perkins plc in a report on Thursday, August 4th. Peel Hunt restated a hold rating and set a GBX 1,910 ($23.28) price target on shares of Travis Perkins plc in a report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,775 ($21.63) price target on shares of Travis Perkins plc in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Travis Perkins plc presently has a consensus rating of Hold and a consensus price target of GBX 1,777.68 ($21.67).
Shares of Travis Perkins plc (LON:TPK) opened at 1469.00 on Thursday. 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 3.66 billion. The stock’s 50 day moving average price is GBX 1,568.19 and its 200 day moving average price is GBX 1,668.31.
The firm 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 ($0.19) per share. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 6th.
In other Travis Perkins plc news, insider Rogers,John bought 43 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of GBX 1,582 ($19.28) per share, with a total value of £680.26 ($829.08). Also, insider Ruth Anderson bought 53 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were acquired at an average cost of GBX 1,564 ($19.06) per share, for a total transaction of £828.92 ($1,010.26).
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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