Travis Perkins (LON:TPK) Price Target Raised to GBX 880 at Berenberg Bank

Travis Perkins (LON:TPK) had its target price increased by Berenberg Bank from GBX 800 ($10.39) to GBX 880 ($11.43) in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,100 ($14.28) target price on shares of Travis Perkins in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised shares of Travis Perkins to a “buy” rating and dropped their target price for the stock from GBX 1,100 ($14.28) to GBX 910 ($11.82) in a report on Thursday, August 1st.

Travis Perkins Trading Down 2.6 %

Shares of Travis Perkins stock opened at GBX 858 ($11.14) on Thursday. The company has a market capitalization of £1.81 billion, a price-to-earnings ratio of -10,725.00, a PEG ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98. Travis Perkins has a 12-month low of GBX 687 ($8.92) and a 12-month high of GBX 976 ($12.67). The firm’s 50-day moving average price is GBX 904.59 and its two-hundred day moving average price is GBX 849.72.

Travis Perkins Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 0.62%. Travis Perkins’s dividend payout ratio (DPR) is presently -13,750.00%.

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.