JPMorgan Chase & Co. restated their overweight rating on shares of Travis Perkins plc (LON:TPK) in a research report sent to investors on Tuesday morning. They currently have a GBX 1,775 ($21.97) price target on the stock.
Several 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 set a GBX 1,452 ($17.97) price target on shares of Travis Perkins plc in a report on Tuesday, June 28th. Jefferies Group lowered their price target on shares of Travis Perkins plc from GBX 2,390 ($29.58) to GBX 1,760 ($21.78) and set a buy rating for the company in a report on Wednesday, June 29th. Berenberg Bank lowered shares of Travis Perkins plc to a hold rating and lowered their price target for the stock from GBX 2,300 ($28.47) to GBX 1,540 ($19.06) in a report on Thursday, June 30th. Finally, Credit Suisse Group AG restated an outperform rating and set a GBX 2,250 ($27.85) price target on shares of Travis Perkins plc in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 1,777.68 ($22.00).
Travis Perkins plc (LON:TPK) opened at 1457.00 on Tuesday. The firm has a 50 day moving average of GBX 1,578.00 and a 200-day moving average of GBX 1,672.59. Travis Perkins plc has a 52 week low of GBX 1,090.00 and a 52 week high of GBX 2,064.00. The company’s market capitalization is GBX 3.63 billion.
The business also recently declared a dividend, which will be paid on Tuesday, November 8th. Investors of record on Thursday, October 6th will be issued a GBX 15.25 ($0.19) dividend. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 6th.
In related news, insider Ruth Anderson purchased 53 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of GBX 1,564 ($19.36) per share, with a total value of £828.92 ($1,025.89). Also, insider Rogers,John purchased 43 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of GBX 1,582 ($19.58) per share, for a total transaction of £680.26 ($841.91).
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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