Travis Perkins’ (TPK) Sell Rating Reaffirmed at Shore Capital

Shore Capital reissued their sell rating on shares of Travis Perkins (LON:TPKGet Rating) in a research note issued to investors on Tuesday, Marketbeat reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price 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 research note on Wednesday, June 29th. Morgan Stanley reissued an overweight rating on shares of Travis Perkins in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Travis Perkins from GBX 1,525 ($18.69) to GBX 1,275 ($15.62) and set a buy rating for the company in a research note on Monday, July 18th. Royal Bank of Canada reduced their price objective on Travis Perkins from GBX 2,100 ($25.73) to GBX 1,500 ($18.38) and set an outperform rating for the company in a research note on Thursday, June 23rd. Finally, Berenberg Bank downgraded Travis Perkins to a hold rating and reduced their price objective for the company from GBX 1,800 ($22.06) to GBX 1,380 ($16.91) in a research note on Thursday, June 9th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of GBX 1,635.56 ($20.04).

Travis Perkins Price Performance

Shares of LON TPK opened at GBX 934 ($11.44) on Tuesday. Travis Perkins has a 52 week low of GBX 914.20 ($11.20) and a 52 week high of GBX 1,839.60 ($22.54). The firm has a market cap of £1.98 billion and a P/E ratio of 906.99. The business’s 50 day moving average price is GBX 1,046.24 and its 200 day moving average price is GBX 1,226.15. The company has a quick ratio of 1.10, a current ratio of 1.85 and a debt-to-equity ratio of 47.57.

Travis Perkins Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 12.50 ($0.15) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, October 6th. Travis Perkins’s dividend payout ratio (DPR) is 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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Analyst Recommendations for Travis Perkins (LON:TPK)

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