Travis Perkins plc (LON:TPK – Get Free Report) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 863 ($10.66).
TPK has been the topic of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Travis Perkins from GBX 1,025 ($12.66) to GBX 950 ($11.73) and set an “outperform” rating on the stock in a report on Tuesday, March 12th. Berenberg Bank cut their price target on shares of Travis Perkins from GBX 880 ($10.87) to GBX 800 ($9.88) and set a “buy” rating on the stock in a report on Wednesday, March 6th.
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Travis Perkins Stock Up 1.0 %
Travis Perkins Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 28th. Travis Perkins’s payout ratio is 10,000.00%.
Travis Perkins Company Profile
Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.
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