Liberum Capital reiterated their buy rating on shares of Travis Perkins (LON:TPK) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity reduced their target price on Travis Perkins from GBX 1,720 ($22.63) to GBX 1,700 ($22.36) and set a hold rating on the stock in a research note on Wednesday, March 4th. Berenberg Bank reissued a hold rating on shares of Travis Perkins in a research note on Friday, January 31st. Shore Capital reissued a sell rating on shares of Travis Perkins in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. reissued a neutral rating on shares of Travis Perkins in a research note on Monday, February 3rd. Finally, Citigroup reduced 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 note on Friday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 1,621.45 ($21.33).

Shares of TPK traded up GBX 84.40 ($1.11) during mid-day trading on Friday, hitting GBX 779.60 ($10.26). 1,803,532 shares of the company’s stock traded hands, compared to its average volume of 1,660,000. The company has a quick ratio of 0.71, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. Travis Perkins has a 1 year low of GBX 1,160.50 ($15.27) and a 1 year high of GBX 1,841 ($24.22). The firm has a market capitalization of $1.97 billion and a P/E ratio of 16.11. The business’s 50-day moving average price is GBX 1,427.73 and its 200-day moving average price is GBX 1,468.01.

The company also recently declared a dividend, which will be paid on Wednesday, May 13th. Investors of record on Thursday, April 2nd will be paid a GBX 33 ($0.43) dividend. This represents a yield of 2.24%. This is a boost from Travis Perkins’s previous dividend of $15.50. The ex-dividend date of this dividend is Thursday, April 2nd. Travis Perkins’s dividend payout ratio is presently 0.99%.

In other news, insider Marianne Culver purchased 36 shares of Travis Perkins stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of GBX 1,498 ($19.71) per share, with a total value of £539.28 ($709.39).

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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