Travis Perkins (LON:TPK) Receives Hold Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Travis Perkins (LON:TPK) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also weighed in on TPK. Peel Hunt reissued a hold rating on shares of Travis Perkins in a report on Tuesday, August 20th. Royal Bank of Canada raised shares of Travis Perkins to an outperform rating and raised their target price for the company from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a report on Friday, July 19th. JPMorgan Chase & Co. reissued a neutral rating on shares of Travis Perkins in a report on Friday, September 6th. Shore Capital restated a sell rating on shares of Travis Perkins in a research report on Wednesday, July 31st. Finally, Canaccord Genuity initiated coverage on Travis Perkins in a research report on Wednesday, July 31st. They issued a buy rating and a GBX 1,440 ($18.82) price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,429.78 ($18.68).

Shares of TPK stock traded up GBX 18 ($0.24) on Monday, reaching GBX 1,248.50 ($16.31). The company’s stock had a trading volume of 214,887 shares, compared to its average volume of 1,660,000. The stock’s fifty day simple moving average is GBX 1,278.19 and its 200-day simple moving average is GBX 1,324.41. Travis Perkins has a 1 year low of GBX 965.60 ($12.62) and a 1 year high of GBX 1,488.50 ($19.45). The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 74.78. The company has a market capitalization of $3.15 billion and a price-to-earnings ratio of 42.47.

The business also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a GBX 15.50 ($0.20) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.13%. Travis Perkins’s dividend payout ratio is presently 1.60%.

In other Travis Perkins news, insider John Rogers purchased 44 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average price of GBX 1,309 ($17.10) per share, for a total transaction of £575.96 ($752.59).

About Travis Perkins

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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