Brokerages Set Travis Perkins plc (LON:TPK) Price Target at GBX 863

Travis Perkins plc (LON:TPK) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 863 ($10.97).

Several equities analysts have recently weighed in on the company. Berenberg Bank reduced their price target on Travis Perkins from GBX 880 ($11.18) to GBX 800 ($10.17) and set a “buy” rating for the company in a report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on Travis Perkins from GBX 1,025 ($13.03) to GBX 950 ($12.07) and set an “outperform” rating for the company in a report on Tuesday, March 12th.

Travis Perkins Price Performance

Shares of LON:TPK opened at GBX 832 ($10.57) on Tuesday. Travis Perkins has a 1-year low of GBX 8.37 ($0.11) and a 1-year high of GBX 934.20 ($11.87). The company has a debt-to-equity ratio of 51.63, a current ratio of 1.69 and a quick ratio of 0.84. The business has a fifty day moving average price of GBX 740.71 and a 200-day moving average price of GBX 764.68. The company has a market capitalization of £1.75 billion, a PE ratio of 4,622.22, a PEG ratio of 6.44 and a beta of 1.47.

Travis Perkins Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, March 28th were given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date was Thursday, March 28th. This represents a dividend yield of 0.74%. Travis Perkins’s dividend payout ratio (DPR) is presently 10,000.00%.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.