UBS Group reissued their sell rating on shares of Travis Perkins (LON:TPK) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also commented on the company. Berenberg Bank reiterated a hold rating on shares of Travis Perkins in a research report on Friday, January 31st. Citigroup dropped their target price on Travis Perkins from GBX 1,900 ($24.99) to GBX 1,860 ($24.47) and set a buy rating on the stock in a research report on Friday, March 6th. Peel Hunt reiterated a hold rating on shares of Travis Perkins in a research report on Friday, March 20th. Jefferies Financial Group reiterated a hold rating on shares of Travis Perkins in a research report on Wednesday, February 5th. Finally, Shore Capital reiterated a sell rating on shares of Travis Perkins in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 1,621.45 ($21.33).
Shares of LON TPK opened at GBX 954.20 ($12.55) on Monday. The business’s 50 day moving average price is GBX 1,355.19 and its 200 day moving average price is GBX 1,457.56. The firm has a market cap of $2.29 billion and a P/E ratio of 19.71. Travis Perkins has a 52 week low of GBX 573.80 ($7.55) and a 52 week high of GBX 1,841 ($24.22). The company has a quick ratio of 0.71, a current ratio of 1.30 and a debt-to-equity ratio of 77.14.
The business also recently declared a dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Thursday, April 2nd will be issued a GBX 33 ($0.43) dividend. The ex-dividend date is Thursday, April 2nd. This is an increase from Travis Perkins’s previous dividend of $15.50. This represents a yield of 2.24%. Travis Perkins’s payout ratio is presently 0.99%.
In related news, insider Marianne Culver purchased 32 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was bought at an average cost of GBX 1,627 ($21.40) per share, with a total value of £520.64 ($684.87).
About Travis Perkins
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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