Travis Perkins plc (LON:TPK) Receives GBX 1,527.80 Consensus Price Target from Analysts

Travis Perkins plc (LON:TPK) has been given an average rating of “Hold” by the twelve ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,461 ($19.09).

Several research firms recently issued reports on TPK. UBS Group reiterated a “neutral” rating on shares of Travis Perkins in a research report on Monday, July 29th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,200 ($15.68) target price on shares of Travis Perkins in a research report on Tuesday. Peel Hunt reiterated a “hold” rating on shares of Travis Perkins in a research report on Monday, July 29th. Royal Bank of Canada upgraded Travis Perkins to an “outperform” rating and raised their price target for the company from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a report on Friday, July 19th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Travis Perkins in a report on Tuesday, June 25th.

Shares of LON:TPK traded down GBX 13.50 ($0.18) during trading on Friday, hitting GBX 1,166 ($15.24). 378,790 shares of the company’s stock were exchanged, compared to its average volume of 1,660,000. The company has a debt-to-equity ratio of 74.78, a quick ratio of 0.60 and a current ratio of 1.34. Travis Perkins has a 52-week low of GBX 965.60 ($12.62) and a 52-week high of GBX 1,488.50 ($19.45). The firm has a 50-day moving average of GBX 1,273.06. The firm has a market capitalization of $2.94 billion and a P/E ratio of 39.66.

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

In other news, insider Coline McConville purchased 68 shares of the business’s stock in a transaction on Monday, July 1st. The stock was acquired at an average price of GBX 1,303 ($17.03) per share, for a total transaction of £886.04 ($1,157.77).

Travis Perkins Company Profile

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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