Travis Perkins plc (LON:TPK) had its price target boosted by Credit Suisse Group AG from GBX 1,650 ($21.54) to GBX 1,950 ($25.45) in a research report released on Friday morning. Credit Suisse Group AG currently has an outperform rating on the stock.
TPK has been the subject of several other reports. Jefferies Group dropped their price objective on Travis Perkins plc from GBX 2,390 ($31.20) to GBX 1,760 ($22.97) and set a buy rating for the company in a research report on Wednesday, June 29th. Deutsche Bank AG restated a buy rating and set a GBX 2,220 ($28.98) price objective on shares of Travis Perkins plc in a research report on Sunday, June 26th. Canaccord Genuity restated 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. Finally, Liberum Capital dropped their price objective on Travis Perkins plc from GBX 2,200 ($28.72) to GBX 1,825 ($23.82) and set a buy rating for the company in a research report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 1,806.63 ($23.58).
Travis Perkins plc (LON:TPK) traded up 2.98% during trading on Friday, hitting GBX 1590.00. 675,500 shares of the stock traded hands. The stock’s market cap is GBX 3.96 billion. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00. The firm’s 50-day moving average is GBX 1,596.19 and its 200 day moving average is GBX 1,692.24.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be paid a GBX 15.25 ($0.20) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.99%.
In related news, insider Rogers,John bought 41 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average price of GBX 1,670 ($21.80) per share, for a total transaction of £684.70 ($893.75). Also, insider Ruth Anderson bought 53 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was bought at an average price of GBX 1,564 ($20.42) per share, for a total transaction of £828.92 ($1,082.00).
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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