Several other analysts have also issued reports on the stock. Liberum Capital reduced their price target on shares of Travis Perkins plc from GBX 2,200 ($26.81) to GBX 1,825 ($22.24) and set a buy rating on the stock in a research report on Thursday, July 14th. Credit Suisse Group AG restated an outperform rating and issued a GBX 2,250 ($27.42) target price on shares of Travis Perkins plc in a research report on Monday, July 4th. Royal Bank Of Canada lowered shares of Travis Perkins plc to a sector performer rating and cut their target price for the company from GBX 2,000 ($24.38) to GBX 1,450 ($17.67) in a research report on Thursday, October 13th. Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 1,452 ($17.70) target price on shares of Travis Perkins plc in a research report on Tuesday, June 28th. Finally, Barclays PLC lowered shares of Travis Perkins plc to an underweight rating and cut their target price for the company from GBX 1,950 ($23.77) to GBX 1,400 ($17.06) in a research report on Thursday, August 11th. One investment 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’s stock. Travis Perkins plc has a consensus rating of Hold and an average target price of GBX 1,777.68 ($21.67).
Shares of Travis Perkins plc (LON:TPK) opened at 1391.78 on Thursday. The company has a 50 day moving average of GBX 1,566.03 and a 200-day moving average of GBX 1,665.94. 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 cap is GBX 3.46 billion.
The company also recently announced 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 ($0.19) per share. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 6th.
In related news, insider Ruth Anderson purchased 53 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was purchased at an average cost of GBX 1,564 ($19.06) per share, with a total value of £828.92 ($1,010.26). Also, insider Rogers,John purchased 41 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of GBX 1,670 ($20.35) per share, with a total value of £684.70 ($834.49).
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.
Receive News & Ratings for Travis Perkins plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins plc and related companies with MarketBeat.com's FREE daily email newsletter.