Travis Perkins plc (LON:TPK) Given Consensus Recommendation of “Buy” by Analysts

Shares of Travis Perkins plc (LON:TPK) have been assigned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,918.11 ($25.06).

Several equities analysts recently commented on TPK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,100 ($27.44) price target on shares of Travis Perkins in a research report on Thursday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Travis Perkins from GBX 1,707 ($22.30) to GBX 2,056 ($26.86) and gave the company a “buy” rating in a research report on Wednesday, June 23rd. reaffirmed a “buy” rating on shares of Travis Perkins in a report on Wednesday, June 23rd. JPMorgan Chase & Co. upgraded Travis Perkins to an “overweight” rating and boosted their price objective for the company from GBX 1,600 ($20.90) to GBX 2,000 ($26.13) in a research report on Monday, July 19th. Finally, Berenberg Bank increased their price objective on Travis Perkins from GBX 2,050 ($26.78) to GBX 2,060 ($26.91) and gave the stock a “buy” rating in a research report on Wednesday, August 4th.

Shares of LON TPK traded down GBX 35.11 ($0.46) during midday trading on Thursday, reaching GBX 1,656.89 ($21.65). 1,121,403 shares of the stock were exchanged, compared to its average volume of 572,702. The company has a debt-to-equity ratio of 50.37, a quick ratio of 0.81 and a current ratio of 1.59. Travis Perkins has a twelve month low of GBX 1,035 ($13.52) and a twelve month high of GBX 2,051 ($26.80). The stock has a market capitalization of £3.73 billion and a P/E ratio of 26.85. The company has a 50 day simple moving average of GBX 1,752.82 and a 200 day simple moving average of GBX 2,812.11.

The firm also recently disclosed a dividend, which will be paid on Friday, November 5th. Investors of record on Thursday, September 30th will be given a GBX 12 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, September 30th. This represents a dividend yield of 0.7%.

In other news, insider Jasmine Whitbread sold 2,170 shares of Travis Perkins stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of GBX 1,727 ($22.56), for a total transaction of £37,475.90 ($48,962.50).

Travis Perkins Company Profile

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through four segments: Merchanting, Retail, Toolstation, and Plumbing & Heating. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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