Insider Buying: Travis Perkins plc (LON:TPK) Insider Acquires £148.58 in Stock

Travis Perkins plc (LON:TPK) insider Nick Roberts purchased 17 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of GBX 874 ($11.43) per share, with a total value of £148.58 ($194.30).

Nick Roberts also recently made the following trade(s):

• On Friday, August 9th, Nick Roberts purchased 17 shares of Travis Perkins stock. The shares were bought at an average price of GBX 891 ($11.65) per share, with a total value of £151.47 ($198.08).

Travis Perkins Stock Up 2.1 %

Shares of TPK opened at GBX 892 ($11.66) on Friday. The stock has a fifty day simple moving average of GBX 895.47 and a two-hundred day simple moving average of GBX 809.54. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98. The company has a market capitalization of £1.88 billion, a PE ratio of -11,150.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. Travis Perkins plc has a 52-week low of GBX 684.80 ($8.96) and a 52-week high of GBX 976 ($12.76).

Travis Perkins Dividend Announcement

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

Analysts Set New Price Targets

TPK has been the subject of several research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 800 ($10.46) price objective on shares of Travis Perkins in a research note on Friday, August 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,100 ($14.38) target price on shares of Travis Perkins in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Travis Perkins to a “buy” rating and cut their price objective for the company from GBX 1,100 ($14.38) to GBX 910 ($11.90) in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 940 ($12.29).

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.