Travis Perkins plc (TPK) Receives Consensus Rating of “Hold” from Brokerages

Travis Perkins plc (LON:TPK) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 1,280.38 ($16.73).

A number of analysts recently commented on TPK shares. Peel Hunt lowered their target price on shares of Travis Perkins from GBX 1,430 ($18.69) to GBX 1,240 ($16.20) and set a “hold” rating for the company in a research note on Wednesday, August 29th. Royal Bank of Canada decreased their price objective on shares of Travis Perkins from GBX 1,350 ($17.64) to GBX 1,180 ($15.42) and set a “sector performer” rating for the company in a research note on Friday, August 17th. Berenberg Bank decreased their price objective on shares of Travis Perkins from GBX 1,400 ($18.29) to GBX 1,200 ($15.68) and set a “hold” rating for the company in a research note on Thursday, August 9th. Canaccord Genuity restated a “hold” rating and set a GBX 1,300 ($16.99) price objective on shares of Travis Perkins in a research note on Monday, September 3rd. Finally, Numis Securities restated a “hold” rating and set a GBX 1,188 ($15.52) price objective on shares of Travis Perkins in a research note on Wednesday, August 1st.

TPK stock traded down GBX 5 ($0.07) during trading on Friday, reaching GBX 970 ($12.67). The company had a trading volume of 2,503,051 shares, compared to its average volume of 1,660,000. Travis Perkins has a twelve month low of GBX 1,233.50 ($16.12) and a twelve month high of GBX 1,709 ($22.33).

Travis Perkins (LON:TPK) last released its earnings results on Tuesday, July 31st. The company reported GBX 53.50 ($0.70) EPS for the quarter, topping analysts’ consensus estimates of GBX 52.90 ($0.69) by GBX 0.60 ($0.01). Travis Perkins had a net margin of 3.07% and a return on equity of 6.95%.

The firm also recently disclosed a dividend, which will be paid on Friday, November 9th. Shareholders of record on Thursday, October 4th will be paid a dividend of GBX 15.50 ($0.20) per share. This represents a yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 4th.

In other news, insider Coline McConville bought 75 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was purchased at an average cost of GBX 1,192 ($15.58) per share, with a total value of £894 ($1,168.17). Also, insider Ruth Anderson bought 81 shares of the business’s stock in a transaction dated Monday, September 3rd. The shares were purchased at an average cost of GBX 1,140 ($14.90) per share, with a total value of £923.40 ($1,206.59). Over the last 90 days, insiders have acquired 240 shares of company stock valued at $271,284.

About Travis Perkins

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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