Peel Hunt reaffirmed their hold rating on shares of Travis Perkins (LON:TPK) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently commented on the stock. Royal Bank of Canada cut shares of Travis Perkins to a sector performer rating and lowered their target price for the stock from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a research note on Friday, January 10th. Canaccord Genuity lowered their target price on shares of Travis Perkins from GBX 1,720 ($22.63) to GBX 1,700 ($22.36) and set a hold rating for the company in a research note on Wednesday, March 4th. Citigroup lowered their price objective on shares of Travis Perkins from GBX 1,900 ($24.99) to GBX 1,860 ($24.47) and set a buy rating for the company in a research note on Friday, March 6th. Jefferies Financial Group reissued a hold rating on shares of Travis Perkins in a research note on Wednesday, February 5th. Finally, Shore Capital reissued a sell rating on shares of Travis Perkins in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Travis Perkins presently has an average rating of Hold and a consensus target price of GBX 1,621.45 ($21.33).

TPK stock traded up GBX 84.40 ($1.11) during midday trading on Friday, hitting GBX 779.60 ($10.26). The stock had a trading volume of 1,803,532 shares, compared to its average volume of 1,660,000. The firm has a market cap of $1.97 billion and a PE ratio of 16.11. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.71. Travis Perkins has a 12-month low of GBX 1,160.50 ($15.27) and a 12-month high of GBX 1,841 ($24.22). The company’s 50-day moving average price is GBX 1,427.73 and its 200 day moving average price is GBX 1,468.01.

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

In other Travis Perkins news, insider Marianne Culver bought 32 shares of Travis Perkins stock in a transaction that occurred on Thursday, January 2nd. The shares were acquired at an average price of GBX 1,627 ($21.40) per share, for a total transaction 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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Analyst Recommendations for Travis Perkins (LON:TPK)

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