Travis Perkins plc (TPK) Receives “Hold” Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Travis Perkins plc (LON:TPK) in a research report sent to investors on Thursday, October 19th.

A number of other equities analysts have also weighed in on TPK. Numis Securities Ltd reiterated a hold rating and issued a GBX 1,545 ($20.39) price target on shares of Travis Perkins plc in a research report on Thursday, August 3rd. Canaccord Genuity reiterated a buy rating and issued a GBX 1,865 ($24.61) price target on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. Liberum Capital reissued a buy rating and issued a GBX 1,650 ($21.77) price objective on shares of Travis Perkins plc in a research note on Thursday, August 17th. Berenberg Bank reduced their price objective on Travis Perkins plc from GBX 1,800 ($23.75) to GBX 1,700 ($22.43) and set a buy rating for the company in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG increased their price objective on Travis Perkins plc from GBX 1,795 ($23.69) to GBX 1,837 ($24.24) and gave the stock a buy rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 1,701.83 ($22.46).

Shares of Travis Perkins plc (LON:TPK) opened at 1542.00 on Thursday. The stock’s market cap is GBX 3.88 billion. The firm’s 50-day moving average is GBX 1,459.03 and its 200 day moving average is GBX 1,518.82. Travis Perkins plc has a 52-week low of GBX 1,301.00 and a 52-week high of GBX 1,709.00.

ILLEGAL ACTIVITY WARNING: “Travis Perkins plc (TPK) Receives “Hold” Rating from Shore Capital” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/10/28/shore-capital-reaffirms-hold-rating-for-travis-perkins-plc-tpk.html.

The company also recently disclosed a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, September 28th will be issued a dividend of GBX 15.50 ($0.20) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 28th.

In related news, insider Alan Williams purchased 125 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average price of GBX 1,430 ($18.87) per share, with a total value of £1,787.50 ($2,358.80). Also, insider Christopher Rogers purchased 52 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of GBX 1,518 ($20.03) per share, for a total transaction of £789.36 ($1,041.65). Insiders have bought a total of 471 shares of company stock worth $686,848 in the last three months.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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.

Leave a Reply