Travis Perkins plc (LON:TPK)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Friday, April 21st. They presently have a GBX 1,625 ($20.98) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 2.11% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Shore Capital reissued a “buy” rating on shares of Travis Perkins plc in a research report on Thursday, February 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Travis Perkins plc in a report on Friday, January 27th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,650 ($21.30) target price on shares of Travis Perkins plc in a report on Thursday, March 2nd. Jefferies Group LLC reduced their target price on shares of Travis Perkins plc from GBX 1,690 ($21.81) to GBX 1,670 ($21.56) and set a “buy” rating on the stock in a report on Friday, March 3rd. Finally, Citigroup Inc reaffirmed a “buy” rating and issued a GBX 1,640 ($21.17) target price on shares of Travis Perkins plc in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,603 ($20.69).
The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 13th will be given a GBX 29.75 ($0.38) dividend. This represents a yield of 2.03%. This is a positive change from Travis Perkins plc’s previous dividend of $15.25. The ex-dividend date of this dividend is Thursday, April 13th.
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In other Travis Perkins plc news, insider Tony Buffin bought 10,000 shares of Travis Perkins plc stock in a transaction on Thursday, March 2nd. The stock was bought at an average price of GBX 1,445 ($18.65) per share, with a total value of £144,500 ($186,523.82). Also, insider John P. Carter sold 10,055 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of GBX 1,480 ($19.10), for a total value of £148,814 ($192,092.42). Over the last quarter, insiders purchased 22,669 shares of company stock worth $33,700,566 and sold 58,497 shares worth $88,212,146.
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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