Royal Bank Of Canada downgraded shares of Travis Perkins plc (LON:TPK) to a sector performer rating in a report released on Thursday morning. Royal Bank Of Canada currently has GBX 1,450 ($17.67) target price on the stock, down from their previous target price of GBX 2,000 ($24.38).
A number of other research firms have also commented on TPK. Deutsche Bank AG restated a buy rating and issued a GBX 2,220 ($27.06) price target on shares of Travis Perkins plc in a research report on Sunday, June 26th. Citigroup Inc. restated a buy rating and issued a GBX 1,800 ($21.94) price target on shares of Travis Perkins plc in a research report on Wednesday, August 3rd. Liberum Capital restated a buy rating and issued a GBX 1,825 ($22.24) price target on shares of Travis Perkins plc in a research report on Thursday, August 4th. Jefferies Group boosted their price target on shares of Travis Perkins plc from GBX 1,760 ($21.45) to GBX 1,770 ($21.57) and gave the company a buy rating in a research report on Friday, August 5th. Finally, Panmure Gordon restated a hold rating and issued a GBX 1,500 ($18.28) price target on shares of Travis Perkins plc in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 1,777.68 ($21.67).
Travis Perkins plc (LON:TPK) opened at 1469.00 on Thursday. The firm’s market cap is GBX 3.66 billion. Travis Perkins plc has a 1-year low of GBX 1,090.00 and a 1-year high of GBX 2,064.00. The company has a 50-day moving average of GBX 1,568.19 and a 200-day moving average of 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 issued a dividend of GBX 15.25 ($0.19) per share. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In other Travis Perkins plc news, insider Rogers,John bought 43 shares of Travis Perkins plc stock in a transaction that occurred on Monday, August 1st. The stock was acquired at an average price of GBX 1,582 ($19.28) per share, for a total transaction of £680.26 ($829.08). Also, insider Ruth Anderson bought 53 shares of Travis Perkins plc stock in a transaction that occurred on Monday, October 3rd. The shares were acquired at an average price of GBX 1,564 ($19.06) per share, with a total value of £828.92 ($1,010.26).
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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