J P Morgan Chase & Co reiterated their overweight rating on shares of Travis Perkins plc (LON:TPK) in a research report sent to investors on Thursday, October 19th. They currently have a GBX 1,700 ($22.43) price target on the stock.
A number of other brokerages also recently commented on TPK. Deutsche Bank AG lifted 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 report on Friday, July 28th. Jefferies Group LLC lifted their price objective on Travis Perkins plc from GBX 1,670 ($22.04) to GBX 1,890 ($24.94) and gave the stock a buy rating in a research report on Monday, June 26th. Shore Capital reiterated a hold rating on shares of Travis Perkins plc in a research report on Tuesday, June 27th. Liberum Capital reiterated a buy rating and set a GBX 1,650 ($21.77) price objective on shares of Travis Perkins plc in a research report on Tuesday, July 11th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 1,865 ($24.61) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 1,701.83 ($22.46).
Travis Perkins plc (TPK) opened at 1542.00 on Thursday. Travis Perkins plc has a 52-week low of GBX 1,301.00 and a 52-week high of GBX 1,709.00. The firm’s market cap is GBX 3.88 billion. The company’s 50 day moving average is GBX 1,459.03 and its 200-day moving average is GBX 1,518.82.
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The company also recently disclosed a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, September 28th will be issued a GBX 15.50 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a dividend yield of 1.02%.
In related news, insider Frank Elkins sold 2,282 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of GBX 1,455 ($19.20), for a total transaction of £33,203.10 ($43,815.12). Also, insider Alan Williams bought 125 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were bought at an average cost of GBX 1,430 ($18.87) per share, with a total value of £1,787.50 ($2,358.80). Insiders purchased a total of 471 shares of company stock worth $686,848 in the last quarter.
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.
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