Travis Perkins (LON:TPK) Given “Buy” Rating at Liberum Capital

Liberum Capital reissued their buy rating on shares of Travis Perkins (LON:TPK) in a research report released on Friday, August 30th, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently commented on TPK. Berenberg Bank reaffirmed a hold rating and set a GBX 1,200 ($15.68) target price on shares of Travis Perkins in a report on Tuesday, August 13th. Jefferies Financial Group reaffirmed a hold rating on shares of Travis Perkins in a report on Tuesday, June 25th. UBS Group reissued a neutral rating on shares of Travis Perkins in a research report on Monday, July 29th. Peel Hunt reaffirmed a hold rating on shares of Travis Perkins in a research report on Tuesday, August 20th. Finally, Canaccord Genuity started coverage on Travis Perkins in a report on Wednesday, July 31st. They set a buy rating and a GBX 1,440 ($18.82) price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Travis Perkins presently has an average rating of Hold and a consensus target price of GBX 1,426.44 ($18.64).

TPK traded up GBX 63.50 ($0.83) during midday trading on Friday, hitting GBX 1,400 ($18.29). 890,933 shares of the company were exchanged, compared to its average volume of 1,660,000. The firm has a market capitalization of $3.37 billion and a P/E ratio of 47.62. Travis Perkins has a 1-year low of GBX 965.60 ($12.62) and a 1-year high of GBX 1,488.50 ($19.45). The firm’s 50 day moving average price is GBX 1,259.69 and its 200-day moving average price is GBX 1,328.28. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78.

The business also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 15.50 ($0.20) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.13%. Travis Perkins’s dividend payout ratio is currently 1.60%.

In other news, insider Coline McConville purchased 68 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were purchased at an average price of GBX 1,303 ($17.03) per share, with a total value of £886.04 ($1,157.77).

Travis Perkins Company Profile

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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