BNP Paribas initiated coverage on shares of Travis Perkins (LON:TPK) in a research note issued to investors on Thursday morning. The brokerage issued an outperform rating on the stock.
Other equities research analysts have also issued research reports about the stock. Peel Hunt upgraded shares of Travis Perkins to an add rating and cut their price target for the company from GBX 1,610 ($22.60) to GBX 1,430 ($20.07) in a report on Friday, March 2nd. Liberum Capital boosted their price target on shares of Travis Perkins from GBX 1,650 ($23.16) to GBX 1,720 ($24.14) and gave the company a buy rating in a report on Tuesday, January 16th. Deutsche Bank restated a buy rating and set a GBX 1,760 ($24.71) price target on shares of Travis Perkins in a report on Monday, January 29th. UBS restated a buy rating and set a GBX 1,715 ($24.07) price target on shares of Travis Perkins in a report on Friday, March 9th. Finally, Berenberg Bank cut their price target on shares of Travis Perkins from GBX 1,550 ($21.76) to GBX 1,400 ($19.65) and set a hold rating on the stock in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,570.91 ($22.05).
TPK stock opened at GBX 1,224 ($17.18) on Thursday. Travis Perkins has a 52-week low of GBX 1,233.50 ($17.31) and a 52-week high of GBX 1,709 ($23.99).
The business also recently disclosed a dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 5th will be paid a GBX 30.50 ($0.43) dividend. This represents a yield of 2.37%. The ex-dividend date is Thursday, April 5th. This is a positive change from Travis Perkins’s previous dividend of $15.50.
In related news, insider Ruth Anderson acquired 71 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were purchased at an average price of GBX 1,258 ($17.66) per share, for a total transaction of £893.18 ($1,253.76). Also, insider Tony Buffin sold 10,956 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of GBX 1,310 ($18.39), for a total transaction of £143,523.60 ($201,464.91). In the last quarter, insiders acquired 204 shares of company stock worth $266,390.
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About Travis Perkins
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.
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