A number of other research firms have also weighed in on TPK. Liberum Capital reissued a buy rating and set a GBX 2,500 ($32.63) price objective on shares of Travis Perkins plc in a research note on Thursday, August 25th. Goodbody reissued a hold rating on shares of Travis Perkins plc in a research note on Friday, September 9th. Barclays PLC lowered Travis Perkins plc to an underweight rating and dropped their price objective for the company from GBX 1,950 ($25.45) to GBX 1,400 ($18.27) in a research note on Thursday, August 11th. Canaccord Genuity dropped their price objective on Travis Perkins plc from GBX 1,740 ($22.71) to GBX 1,710 ($22.32) and set a buy rating for the company in a research note on Monday, August 22nd. Finally, Jefferies Group increased their price objective on Travis Perkins plc from GBX 1,760 ($22.97) to GBX 1,770 ($23.10) and gave the company a buy rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Travis Perkins plc presently has an average rating of Hold and a consensus target price of GBX 1,806.63 ($23.58).
Travis Perkins plc (LON:TPK) traded down 3.93% during trading on Thursday, reaching GBX 1467.00. 1,746,344 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 1,597.17 and a 200-day moving average of GBX 1,684.99. The stock’s market cap is GBX 3.65 billion. 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 also recently announced a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be given a GBX 15.25 ($0.20) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.99%.
In other news, insider Ruth Anderson bought 53 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average cost of GBX 1,564 ($20.42) per share, with a total value of £828.92 ($1,082.00). Also, insider Rogers,John bought 43 shares of the company’s stock in a transaction on Monday, August 1st. The stock was purchased at an average cost of GBX 1,582 ($20.65) per share, for a total transaction of £680.26 ($887.95).
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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