Travis Perkins plc (LON:TPK) Plans Dividend of GBX 5.50

Travis Perkins plc (LON:TPK) announced a dividend on Tuesday, August 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 5.50 ($0.07) per share on Friday, November 8th. This represents a dividend yield of 0.62%. The ex-dividend date is Thursday, October 3rd. The official announcement can be seen at this link.

Travis Perkins Stock Performance

LON:TPK opened at GBX 898 ($11.48) on Wednesday. The stock has a market capitalization of £1.89 billion, a P/E ratio of 4,869.44, a price-to-earnings-growth ratio of 6.44 and a beta of 1.47. Travis Perkins has a 1 year low of GBX 684.80 ($8.75) and a 1 year high of GBX 976 ($12.47). The firm has a 50 day moving average of GBX 855.69 and a 200-day moving average of GBX 788.85. The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 51.63.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Travis Perkins to a “buy” rating and cut their price objective for the company from GBX 1,100 ($14.06) to GBX 910 ($11.63) in a research report on Thursday, August 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,100 ($14.06) price target on shares of Travis Perkins in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 940 ($12.01).

About Travis Perkins

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.