Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank AG in a report issued on Thursday. They currently have a GBX 1,875 ($23.21) price target on the stock. Deutsche Bank AG’s price target indicates a potential upside of 28.69% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Liberum Capital reduced their price target on Travis Perkins plc from GBX 2,200 ($27.23) to GBX 1,825 ($22.59) and set a “buy” rating for the company in a report on Thursday, July 14th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 2,250 ($27.85) price target on shares of Travis Perkins plc in a report on Monday, July 4th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 1,452 ($17.97) price target on shares of Travis Perkins plc in a report on Tuesday, June 28th. Royal Bank Of Canada lowered Travis Perkins plc to a “sector performer” rating and reduced their price target for the company from GBX 2,000 ($24.75) to GBX 1,450 ($17.95) in a report on Thursday. Finally, Barclays PLC lowered Travis Perkins plc to an “underweight” rating and reduced their price target for the company from GBX 1,950 ($24.13) to GBX 1,400 ($17.33) in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,777.68 ($22.00).
Travis Perkins plc (LON:TPK) opened at 1458.00 on Thursday. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The firm has a 50-day moving average of GBX 1,578.00 and a 200-day moving average of GBX 1,672.59. The firm’s market cap is GBX 3.63 billion.
The business also recently declared a dividend, which will be paid on Tuesday, November 8th. Shareholders of record on Thursday, October 6th will be given a GBX 15.25 ($0.19) dividend. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 6th.
In related news, insider Rogers,John purchased 41 shares of the stock in a transaction on Thursday, September 1st. The shares were purchased at an average cost of GBX 1,670 ($20.67) per share, for a total transaction of £684.70 ($847.40). Also, insider Ruth Anderson purchased 53 shares of the stock in a transaction on Monday, October 3rd. The stock was bought at an average price of GBX 1,564 ($19.36) per share, for a total transaction of £828.92 ($1,025.89).