Travis Perkins plc (TPK) Receives GBX 1,280.38 Consensus Target Price from Analysts

Travis Perkins plc (LON:TPK) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,280.38 ($16.73).

Several research analysts have recently issued reports on the company. Canaccord Genuity restated a “hold” rating and issued a GBX 1,300 ($16.99) price objective on shares of Travis Perkins in a research note on Tuesday. Shore Capital restated a “hold” rating on shares of Travis Perkins in a research note on Tuesday, July 31st. Deutsche Bank restated a “buy” rating and issued a GBX 1,645 ($21.49) price objective on shares of Travis Perkins in a research note on Thursday, July 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Travis Perkins in a research note on Tuesday, July 17th. Finally, UBS Group reduced their price objective on Travis Perkins from GBX 1,515 ($19.80) to GBX 1,240 ($16.20) and set a “neutral” rating for the company in a research note on Thursday, August 23rd.

In related news, insider Coline McConville acquired 75 shares of the stock in a transaction on Wednesday, August 1st. The shares were bought at an average price of GBX 1,192 ($15.58) per share, with a total value of £894 ($1,168.17). Also, insider Ruth Anderson acquired 81 shares of the stock in a transaction on Monday, September 3rd. The shares were bought at an average cost of GBX 1,140 ($14.90) per share, for a total transaction of £923.40 ($1,206.59). Insiders bought 240 shares of company stock worth $271,284 over the last ninety days.

Travis Perkins stock traded down GBX 32.50 ($0.42) during midday trading on Friday, reaching GBX 1,000 ($13.07). The company’s stock had a trading volume of 881,359 shares, compared to its average volume of 1,660,000. Travis Perkins has a 52-week low of GBX 1,233.50 ($16.12) and a 52-week high of GBX 1,709 ($22.33).

Travis Perkins (LON:TPK) last announced its quarterly earnings data on Tuesday, July 31st. The company reported GBX 53.50 ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 52.90 ($0.69) by GBX 0.60 ($0.01). Travis Perkins had a return on equity of 6.95% and a net margin of 3.07%.

The company also recently declared a dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 4th will be paid a GBX 15.50 ($0.20) dividend. This represents a dividend yield of 1.31%. The ex-dividend date is Thursday, October 4th.

Travis Perkins Company Profile

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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