Several other research analysts have also issued reports on the stock. Liberum Capital decreased their price target on shares of Travis Perkins plc from GBX 2,200 ($28.72) to GBX 1,825 ($23.82) and set a buy rating on the stock in a research report on Thursday, July 14th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 2,250 ($29.37) price objective on shares of Travis Perkins plc in a research report on Monday, July 4th. Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 1,452 ($18.95) price objective on shares of Travis Perkins plc in a research report on Tuesday, June 28th. Barclays PLC cut shares of Travis Perkins plc to an underweight rating and lowered their price objective for the stock from GBX 1,950 ($25.45) to GBX 1,400 ($18.27) in a research report on Thursday, August 11th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 1,740 ($22.71) price objective on shares of Travis Perkins plc in a research report on Monday, July 18th. One 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. Travis Perkins plc currently has an average rating of Hold and an average price target of GBX 1,822.42 ($23.79).
Shares of Travis Perkins plc (LON:TPK) opened at 1537.00 on Friday. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00. The stock has a 50 day moving average price of GBX 1,594.92 and a 200-day moving average price of GBX 1,694.48. The firm’s market capitalization is GBX 3842.63 billion.
The company also recently announced a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 15.25 ($0.20) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Rogers ,Christopher acquired 58 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average price of GBX 1,466 ($19.14) per share, with a total value of £850.28 ($1,109.88). Also, insider Rogers,John acquired 41 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of GBX 1,670 ($21.80) per share, with a total value of £684.70 ($893.75).
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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