Travis Perkins (TPK) Stock Rating Reaffirmed by UBS Group

UBS Group reissued their neutral rating on shares of Travis Perkins (LON:TPK) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued reports about the company. Liberum Capital reissued a buy rating on shares of Travis Perkins in a research report on Friday, March 29th. Bank of America raised Travis Perkins to a buy rating and increased their price target for the stock from GBX 1,000 ($13.07) to GBX 1,700 ($22.21) in a research report on Tuesday, April 23rd. Barclays increased their price target on Travis Perkins from GBX 1,150 ($15.03) to GBX 1,470 ($19.21) and gave the stock an equal weight rating in a research report on Wednesday, February 27th. Peel Hunt cut their price target on Travis Perkins from GBX 1,240 ($16.20) to GBX 1,225 ($16.01) and set a hold rating on the stock in a research report on Tuesday, February 26th. Finally, Shore Capital reaffirmed a hold rating on shares of Travis Perkins in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 1,422.73 ($18.59).

LON TPK opened at GBX 1,405 ($18.36) on Friday. The company has a debt-to-equity ratio of 22.41, a quick ratio of 0.84 and a current ratio of 1.39. Travis Perkins has a 1 year low of GBX 965.60 ($12.62) and a 1 year high of GBX 1,489 ($19.46). The firm has a market capitalization of $3.49 billion and a P/E ratio of -40.84.

The business also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 31.50 ($0.41) per share. This is an increase from Travis Perkins’s previous dividend of $15.50. This represents a yield of 2.48%. The ex-dividend date is Thursday, April 4th. Travis Perkins’s dividend payout ratio (DPR) is currently -1.37%.

In other news, insider John P. Carter sold 26,739 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 1,457 ($19.04), for a total transaction of £389,587.23 ($509,064.72).

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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