Travis Perkins plc (LON:TPK) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of Travis Perkins plc (LON:TPK) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,461 ($19.09).

TPK has been the topic of several research analyst reports. Royal Bank of Canada upgraded Travis Perkins to an “outperform” rating and boosted their target price for the stock from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a research note on Friday, July 19th. Shore Capital restated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating on shares of Travis Perkins in a research note on Tuesday, June 25th. Berenberg Bank restated a “hold” rating and set a GBX 1,200 ($15.68) target price on shares of Travis Perkins in a research note on Tuesday. Finally, UBS Group restated a “neutral” rating on shares of Travis Perkins in a research note on Monday, July 29th.

Shares of LON:TPK traded down GBX 13.50 ($0.18) on Friday, reaching GBX 1,166 ($15.24). The company had a trading volume of 378,790 shares, compared to its average volume of 1,660,000. 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 business has a 50 day moving average of GBX 1,273.06. The firm has a market capitalization of $2.94 billion and a price-to-earnings ratio of 39.66. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78.

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

In other news, insider Coline McConville purchased 73 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average price of GBX 1,226 ($16.02) per share, for a total transaction of £894.98 ($1,169.45).

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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