Travis Perkins plc (LON:TPK) Given Average Recommendation of “Moderate Buy” by Analysts



Travis Perkins plc (LON:TPKGet Rating) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 1,533.89 ($18.53).

Several research firms have recently weighed in on TPK. Royal Bank of Canada lowered their price objective on shares of Travis Perkins from GBX 1,500 ($18.12) to GBX 1,400 ($16.92) and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Morgan Stanley restated an “overweight” rating on shares of Travis Perkins in a research report on Wednesday, May 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,200 ($14.50) price objective on shares of Travis Perkins in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Travis Perkins from GBX 1,275 ($15.41) to GBX 1,250 ($15.10) and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Finally, Citigroup reiterated a “buy” rating and issued a GBX 1,590 ($19.21) target price on shares of Travis Perkins in a research report on Wednesday, August 3rd.

Travis Perkins Stock Performance

Travis Perkins stock opened at GBX 942.80 ($11.39) on Friday. The firm’s fifty day moving average price is GBX 1,005.33 and its 200-day moving average price is GBX 1,193.58. The company has a debt-to-equity ratio of 44.42, a quick ratio of 0.84 and a current ratio of 1.56. The stock has a market cap of £2.00 billion and a P/E ratio of 849.37. Travis Perkins has a fifty-two week low of GBX 914.20 ($11.05) and a fifty-two week high of GBX 1,839.60 ($22.23).

Travis Perkins Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 12.50 ($0.15) per share. This represents a yield of 1.21%. The ex-dividend date is Thursday, October 6th. Travis Perkins’s payout ratio is currently 34.23%.

Travis Perkins Company Profile

(Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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Analyst Recommendations for Travis Perkins (LON:TPK)



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