Travis Perkins’ (TPK) “Buy” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Travis Perkins (LON:TPK) in a research report sent to investors on Thursday.

Several other brokerages have also recently issued reports on TPK. Barclays cut their target price on Travis Perkins from GBX 1,325 ($18.60) to GBX 1,250 ($17.55) and set an underweight rating on the stock in a research report on Monday, March 5th. JPMorgan Chase reaffirmed a neutral rating on shares of Travis Perkins in a research report on Wednesday, February 28th. Peel Hunt reaffirmed a hold rating and set a GBX 1,610 ($22.60) target price on shares of Travis Perkins in a research report on Tuesday, January 23rd. Numis Securities dropped their price target on Travis Perkins from GBX 1,545 ($21.69) to GBX 1,330 ($18.67) and set a hold rating on the stock in a report on Thursday, March 1st. Finally, Shore Capital reiterated a hold rating on shares of Travis Perkins in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 1,570.91 ($22.05).

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Shares of LON:TPK opened at GBX 1,224 ($17.18) on Thursday. Travis Perkins has a 12-month low of GBX 1,233.50 ($17.31) and a 12-month high of GBX 1,709 ($23.99).

The firm also recently declared a dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 5th will be issued a dividend of GBX 30.50 ($0.43) per share. This is a positive change from Travis Perkins’s previous dividend of $15.50. This represents a yield of 2.37%. The ex-dividend date of this dividend is Thursday, April 5th.

In other Travis Perkins news, insider Tony Buffin sold 10,956 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of GBX 1,310 ($18.39), for a total value of £143,523.60 ($201,464.91). Also, insider Christopher Rogers bought 60 shares of the stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of GBX 1,462 ($20.52) per share, for a total transaction of £877.20 ($1,231.33). Insiders have purchased 204 shares of company stock worth $266,390 over the last quarter.

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Travis Perkins Company Profile

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

Analyst Recommendations for Travis Perkins (LON:TPK)

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