Travis Perkins plc (LON:TPK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,327.65 and traded as high as $1,400.00. Travis Perkins shares last traded at $1,400.00, with a volume of 890,933 shares changing hands.
A number of equities research analysts have commented on the company. Royal Bank of Canada raised Travis Perkins to an “outperform” rating and raised their price target for the company from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a report on Friday, July 19th. Jefferies Financial Group reissued a “hold” rating on shares of Travis Perkins in a report on Tuesday, June 25th. Liberum Capital reissued a “buy” rating on shares of Travis Perkins in a report on Friday, August 30th. Peel Hunt reissued a “hold” rating on shares of Travis Perkins in a report on Tuesday, August 20th. Finally, Shore Capital reissued a “sell” rating on shares of Travis Perkins in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,426.44 ($18.64).
The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78. The company has a fifty day moving average price of GBX 1,257.25 and a 200-day moving average price of GBX 1,327.65. The stock has a market capitalization of $3.37 billion and a P/E ratio of 47.62.
The company also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be issued a GBX 15.50 ($0.20) dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.13%. Travis Perkins’s dividend payout ratio (DPR) is 1.60%.
In other news, insider Coline McConville bought 68 shares of Travis Perkins stock in a transaction dated Monday, July 1st. The shares were purchased at an average cost of GBX 1,303 ($17.03) per share, with a total value of £886.04 ($1,157.77).
Travis Perkins Company Profile (LON:TPK)
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.
See Also: Gross Domestic Product (GDP)
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