Credit Suisse Group AG reiterated their outperform rating on shares of Travis Perkins plc (LON:TPK) in a research note released on Friday morning. Credit Suisse Group AG currently has a GBX 1,950 ($25.45) price objective on the stock.
A number of other research firms have also issued reports on TPK. Deutsche Bank AG restated a buy rating on shares of Travis Perkins plc in a report on Monday, June 13th. Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 1,452 ($18.95) target price on shares of Travis Perkins plc in a report on Tuesday, June 28th. Jefferies Group reduced their target price on shares of Travis Perkins plc from GBX 2,390 ($31.20) to GBX 1,760 ($22.97) and set a buy rating on the stock in a report on Wednesday, June 29th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 2,400 ($31.33) target price on shares of Travis Perkins plc in a report on Thursday, June 30th. Finally, Berenberg Bank lowered shares of Travis Perkins plc to a hold rating and reduced their target price for the company from GBX 2,300 ($30.02) to GBX 1,540 ($20.10) in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Travis Perkins plc presently has an average rating of Hold and a consensus target price of GBX 1,806.63 ($23.58).
Shares of Travis Perkins plc (LON:TPK) traded down 2.59% during midday trading on Friday, hitting GBX 1429.00. 1,311,731 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is GBX 1,595.56 and its 200 day moving average price is GBX 1,683.46. Travis Perkins plc has a one year low of GBX 1,090.00 and a one year high of GBX 2,064.00. The firm’s market cap is GBX 3.56 billion.
The company also recently disclosed 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. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In other news, insider Ruth Anderson acquired 53 shares of Travis Perkins plc stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average cost of GBX 1,564 ($20.42) per share, for a total transaction of £828.92 ($1,082.00). Also, insider Rogers,John acquired 41 shares of Travis Perkins plc stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of GBX 1,670 ($21.80) per share, for a total transaction 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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