Travis Perkins - TPK Share Forecast, Price & News

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions. This segment also distributes building materials, plumbing and heating products, landscaping materials, timber and sheet materials, painting and decorating products, dry lining and insulation products, doors and joinery, and hand and power tools to trade professionals and self-builders. The Toolstation segment supplies products to the trade, home improvers, and self-builders industry through approximately 500 branches, as well as online, call centers, and a mobile website. It also offers kitchens and joinery products to specialist joiners, kitchen fitters, house builders, local authorities, and national house builders. The company was formerly known as Sandell Perkins Public Limited Company and changed its name to Travis Perkins plc in October 1988. Travis Perkins plc was founded in 1797 and is headquartered in Northampton, the United Kingdom.

Analyst Upgrades and Downgrades

TPK has been the subject of several recent analyst reports. Berenberg Bank decreased their target price on Travis Perkins from GBX 1,380 ($16.67) to GBX 1,000 ($12.08) and set a "hold" rating for the company in a research note on Thursday, August 4th. Morgan Stanley reaffirmed an "overweight" rating on shares of Travis Perkins in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Travis Perkins from GBX 1,275 ($15.41) to GBX 1,250 ($15.10) and set a "buy" rating for the company in a report on Wednesday, August 3rd. Shore Capital restated a "sell" rating on shares of Travis Perkins in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 1,200 ($14.50) price objective on shares of Travis Perkins in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Travis Perkins has an average rating of "Moderate Buy" and a consensus price target of GBX 1,580.50 ($19.10).

Travis Perkins Trading Down 0.4 %

Shares of TPK opened at GBX 939.40 ($11.35) on Monday. The company has a current ratio of 1.56, a quick ratio of 0.84 and a debt-to-equity ratio of 44.42. The stock has a market cap of £2.00 billion and a PE ratio of 849.37. Travis Perkins has a 1 year low of GBX 914.20 ($11.05) and a 1 year high of GBX 1,839.60 ($22.23). The stock has a 50 day simple moving average of GBX 1,005.33 and a 200-day simple moving average of GBX 1,191.55.

Travis Perkins Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 12.50 ($0.15) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.21%. Travis Perkins's dividend payout ratio is currently 34.23%.