Peel Hunt Reaffirms Hold Rating for Travis Perkins (LON:TPK)

Peel Hunt reaffirmed their hold rating on shares of Travis Perkins (LON:TPK) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on TPK. Bank of America raised shares of Travis Perkins to a buy rating and lifted their price objective for the stock from GBX 1,000 ($13.07) to GBX 1,700 ($22.21) in a research note on Tuesday, April 23rd. Berenberg Bank reaffirmed a hold rating and set a GBX 1,200 ($15.68) price objective on shares of Travis Perkins in a research note on Tuesday, August 13th. Canaccord Genuity assumed coverage on shares of Travis Perkins in a research note on Wednesday, July 31st. They set a buy rating and a GBX 1,440 ($18.82) price objective for the company. Shore Capital reaffirmed a sell rating on shares of Travis Perkins in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised shares of Travis Perkins to an outperform rating and lifted their price objective for the stock from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 1,426.44 ($18.64).

LON TPK opened at GBX 1,244 ($16.26) on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78. The company has a fifty day moving average of GBX 1,256.97 and a two-hundred day moving average of GBX 1,326.76. The firm has a market capitalization of $3.14 billion and a price-to-earnings ratio of 42.31. Travis Perkins has a 52 week low of GBX 965.60 ($12.62) and a 52 week high of GBX 1,488.50 ($19.45).

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 15.50 ($0.20) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.13%. Travis Perkins’s dividend payout ratio (DPR) is 1.60%.

In other Travis Perkins news, insider Coline McConville bought 68 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was acquired at an average cost of GBX 1,303 ($17.03) per share, for a total transaction of £886.04 ($1,157.77).

Travis Perkins Company Profile

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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