Travis Perkins (TPK) Given “Hold” Rating at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Travis Perkins (LON:TPK) in a research note released on Tuesday, Digital Look reports. They currently have a GBX 1,497 ($19.56) price target on the stock.

A number of other analysts also recently issued reports on TPK. UBS Group reaffirmed a neutral rating and set a GBX 1,350 ($17.64) price target (up from GBX 1,240 ($16.20)) on shares of Travis Perkins in a report on Friday, March 29th. Liberum Capital reaffirmed a buy rating on shares of Travis Perkins in a report on Friday, March 29th. Barclays lifted their price target on Travis Perkins from GBX 1,150 ($15.03) to GBX 1,470 ($19.21) and gave the stock an equal weight rating in a report on Wednesday, February 27th. Peel Hunt cut their target price on Travis Perkins from GBX 1,240 ($16.20) to GBX 1,225 ($16.01) and set a hold rating on the stock in a research report on Tuesday, February 26th. Finally, Shore Capital reiterated a hold rating on shares of Travis Perkins in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,381.67 ($18.05).

Shares of LON TPK opened at GBX 1,426.50 ($18.64) on Tuesday. The stock has a market cap of $3.54 billion and a price-to-earnings ratio of -41.47. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 22.41. Travis Perkins has a 1 year low of GBX 965.60 ($12.62) and a 1 year high of GBX 1,489 ($19.46).

The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 31.50 ($0.41) per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.48%. This is a boost from Travis Perkins’s previous dividend of $15.50. Travis Perkins’s payout ratio is -1.37%.

In related news, insider John P. Carter sold 26,739 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 1,457 ($19.04), for a total value of £389,587.23 ($509,064.72). Also, insider Pete Redfern purchased 65 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was bought at an average price of GBX 1,235 ($16.14) per share, for a total transaction of £802.75 ($1,048.94).

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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