Travis Perkins (LON:TPK) Hits New 1-Year Low at $914.20

Travis Perkins plc (LON:TPKGet Rating)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 914.20 ($11.20) and last traded at GBX 948.60 ($11.62), with a volume of 212074 shares trading hands. The stock had previously closed at GBX 1,030 ($12.62).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TPK shares. Royal Bank of Canada reduced their price target on Travis Perkins from GBX 2,100 ($25.73) to GBX 1,500 ($18.38) and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Travis Perkins in a research report on Wednesday, May 11th. JPMorgan Chase & Co. lowered their price target on Travis Perkins from GBX 2,000 ($24.51) to GBX 1,200 ($14.70) and set a “neutral” rating for the company in a report on Wednesday, June 29th. Shore Capital reiterated a “sell” rating on shares of Travis Perkins in a report on Friday, April 29th. Finally, Berenberg Bank downgraded Travis Perkins to a “hold” rating and lowered their target price for the company from GBX 1,800 ($22.06) to GBX 1,380 ($16.91) in a research note on Thursday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from, Travis Perkins currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,635.56 ($20.04).

Travis Perkins Stock Performance

The firm’s 50-day simple moving average is GBX 1,050.48 and its two-hundred day simple moving average is GBX 1,228.20. The stock has a market capitalization of £2.03 billion and a PE ratio of 1,000.00. The company has a current ratio of 1.85, a quick ratio of 1.10 and a debt-to-equity ratio of 47.57.

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 GBX 12.50 ($0.15) dividend. This represents a dividend yield of 1.21%. The ex-dividend date is Thursday, October 6th. Travis Perkins’s payout ratio is presently 11.65%.

About Travis Perkins

(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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