Travis Perkins plc (TPK) Receives GBX 1,363.67 Average PT from Brokerages

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Shares of Travis Perkins plc (LON:TPK) have earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,363.67 ($17.82).

TPK has been the topic of several research analyst reports. Canaccord Genuity lowered their price target on shares of Travis Perkins from GBX 1,210 ($15.81) to GBX 1,170 ($15.29) and set a “hold” rating on the stock in a report on Tuesday, January 8th. Davy Research cut shares of Travis Perkins to an “underperform” rating in a report on Wednesday, January 9th. Liberum Capital reiterated a “buy” rating on shares of Travis Perkins in a report on Monday, January 14th. JPMorgan Chase & Co. decreased their price objective on shares of Travis Perkins from GBX 1,400 ($18.29) to GBX 1,330 ($17.38) and set a “neutral” rating for the company in a report on Friday, January 25th. Finally, Royal Bank of Canada upgraded shares of Travis Perkins to an “outperform” rating and upped their price objective for the stock from GBX 1,180 ($15.42) to GBX 1,550 ($20.25) in a report on Friday, February 8th.

In other Travis Perkins news, insider John P. Carter sold 26,739 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,457 ($19.04), for a total transaction of £389,587.23 ($509,064.72). Also, insider Pete Redfern purchased 65 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were purchased at an average price of GBX 1,235 ($16.14) per share, with a total value of £802.75 ($1,048.94).

Shares of Travis Perkins stock traded down GBX 4.50 ($0.06) on Friday, hitting GBX 1,398.50 ($18.27). 520,473 shares of the company traded hands, compared to its average volume of 1,660,000. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 22.41. Travis Perkins has a 12-month low of GBX 965.60 ($12.62) and a 12-month high of GBX 1,489 ($19.46). The stock has a market cap of $3.47 billion and a P/E ratio of -40.65.

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be issued a GBX 31.50 ($0.41) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from Travis Perkins’s previous dividend of $15.50. This represents a yield of 2.48%. Travis Perkins’s dividend payout ratio is currently -1.37%.

Travis Perkins Company Profile

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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