A number of other brokerages have also issued reports on TPK. Deutsche Bank reaffirmed a buy rating and set a GBX 1,645 ($21.22) target price on shares of Travis Perkins in a research report on Thursday, July 12th. Peel Hunt dropped their target price on shares of Travis Perkins from GBX 1,430 ($18.45) to GBX 1,240 ($16.00) and set a hold rating on the stock in a research report on Wednesday, August 29th. Liberum Capital reaffirmed a buy rating on shares of Travis Perkins in a research report on Friday, June 8th. Citigroup lowered shares of Travis Perkins to a neutral rating in a research report on Wednesday, July 25th. Finally, Berenberg Bank dropped their target price on shares of Travis Perkins from GBX 1,400 ($18.06) to GBX 1,200 ($15.48) and set a hold rating on the stock in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,344.42 ($17.34).
Shares of Travis Perkins stock opened at GBX 1,135.50 ($14.65) on Monday. Travis Perkins has a 1-year low of GBX 1,233.50 ($15.91) and a 1-year high of GBX 1,709 ($22.05).
Travis Perkins (LON:TPK) last issued its quarterly earnings data on Tuesday, July 31st. The company reported GBX 53.50 ($0.69) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 52.90 ($0.68) by GBX 0.60 ($0.01). Travis Perkins had a net margin of 3.07% and a return on equity of 6.95%.
The business also recently announced a dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 4th will be given a dividend of GBX 15.50 ($0.20) per share. This represents a yield of 1.31%. The ex-dividend date is Thursday, October 4th.
In other Travis Perkins news, insider Coline McConville purchased 75 shares of the stock in a transaction on Wednesday, August 1st. The shares were purchased at an average price of GBX 1,192 ($15.38) per share, with a total value of £894 ($1,153.25). Also, insider Ruth Anderson purchased 81 shares of the stock in a transaction on Monday, September 3rd. The stock was acquired at an average cost of GBX 1,140 ($14.71) per share, for a total transaction of £923.40 ($1,191.18). Insiders have purchased 219 shares of company stock worth $270,570 in the last ninety days.
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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