Travis Perkins (LON:TPK) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Travis Perkins (LON:TPK) in a research note published on Friday morning, Marketbeat reports. They currently have a GBX 800 ($10.22) price objective on the stock.

A number of other research firms have also issued reports on TPK. Deutsche Bank Aktiengesellschaft upgraded Travis Perkins to a buy rating and decreased their price objective for the company from GBX 1,100 ($14.06) to GBX 910 ($11.63) in a research note on Thursday, August 1st. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 1,100 ($14.06) target price on shares of Travis Perkins in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of GBX 940 ($12.01).

Travis Perkins Stock Performance

TPK stock traded down GBX 6.98 ($0.09) during midday trading on Friday, hitting GBX 884 ($11.30). The company’s stock had a trading volume of 359,771 shares, compared to its average volume of 595,502. Travis Perkins has a 1 year low of GBX 684.80 ($8.75) and a 1 year high of GBX 976 ($12.47). The company has a quick ratio of 0.84, a current ratio of 1.69 and a debt-to-equity ratio of 51.63. The stock’s 50-day moving average price is GBX 857.64 and its 200 day moving average price is GBX 790.90. The stock has a market cap of £1.86 billion, a price-to-earnings ratio of 4,952.78, a PEG ratio of 6.44 and a beta of 1.47.

Travis Perkins Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 0.62%. Travis Perkins’s dividend payout ratio (DPR) is presently 10,000.00%.

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.