Travis Perkins (TPK) Price Target Cut to GBX 1,225 by Analysts at Peel Hunt

Travis Perkins (LON:TPK) had its price target decreased by Peel Hunt from GBX 1,240 ($16.20) to GBX 1,225 ($16.01) in a report released on Tuesday morning. Peel Hunt currently has a hold rating on the stock.

Several other analysts have also weighed in on TPK. Liberum Capital reaffirmed a buy rating on shares of Travis Perkins in a report on Tuesday. Shore Capital reaffirmed a hold rating on shares of Travis Perkins in a report on Tuesday. UBS Group reaffirmed a neutral rating on shares of Travis Perkins in a report on Wednesday, December 5th. JPMorgan Chase & Co. dropped their price objective on shares of Travis Perkins from GBX 1,400 ($18.29) to GBX 1,330 ($17.38) and set a neutral rating for the company in a report on Friday, January 25th. Finally, Royal Bank of Canada raised shares of Travis Perkins to an outperform rating and raised their price objective for the stock from GBX 1,180 ($15.42) to GBX 1,550 ($20.25) in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Travis Perkins has an average rating of Hold and an average price target of GBX 1,350.67 ($17.65).

LON TPK opened at GBX 1,445 ($18.88) on Tuesday. Travis Perkins has a 1-year low of GBX 1,233.50 ($16.12) and a 1-year high of GBX 1,709 ($22.33).

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be issued a dividend of GBX 31.50 ($0.41) per share. This is a positive change from Travis Perkins’s previous dividend of $15.50. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.48%.

In related news, insider Alan Williams sold 7,214 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of GBX 1,099 ($14.36), for a total value of £79,281.86 ($103,595.79). Also, insider Coline McConville purchased 81 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was bought at an average cost of GBX 1,100 ($14.37) per share, with a total value of £891 ($1,164.25). In the last three months, insiders purchased 221 shares of company stock valued at $248,500.

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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