Travis Perkins plc (LON:TPK) Insider Nick Roberts Acquires 19 Shares of Stock

Travis Perkins plc (LON:TPK) insider Nick Roberts purchased 19 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of GBX 810 ($10.23) per share, for a total transaction of £153.90 ($194.37).

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

• On Tuesday, August 15th, Nick Roberts purchased 17 shares of Travis Perkins stock. The stock was bought at an average cost of GBX 863 ($10.90) per share, with a total value of £146.71 ($185.29).
• On Monday, July 10th, Nick Roberts acquired 19 shares of Travis Perkins stock. The shares were acquired at an average cost of GBX 794 ($10.03) per share, with a total value of £150.86 ($190.53).

Travis Perkins Trading Up 0.3 %

Shares of Travis Perkins stock opened at GBX 813.40 ($10.27) on Friday. The stock has a market capitalization of £1.73 billion, a P/E ratio of 1,196.18, a price-to-earnings-growth ratio of 6.44 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.42 and a debt-to-equity ratio of 57.30. The company has a 50-day simple moving average of GBX 849.32 and a 200 day simple moving average of GBX 896.11. Travis Perkins plc has a 12-month low of GBX 707.80 ($8.94) and a 12-month high of GBX 1,082.50 ($13.67).

Travis Perkins Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be given a dividend of GBX 12.50 ($0.16) per share. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, October 5th. Travis Perkins’s dividend payout ratio (DPR) is currently 5,735.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TPK shares. Barclays reduced their price objective on shares of Travis Perkins from GBX 965 ($12.19) to GBX 850 ($10.74) and set an “equal weight” rating for the company in a report on Thursday, June 22nd. Numis Securities reaffirmed a “hold” rating and set a GBX 935 ($11.81) price objective on shares of Travis Perkins in a report on Friday, June 16th. Shore Capital reaffirmed a “sell” rating on shares of Travis Perkins in a report on Monday, June 19th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 955 ($12.06) price objective on shares of Travis Perkins in a report on Tuesday, August 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Travis Perkins from GBX 850 ($10.74) to GBX 780 ($9.85) and set an “underweight” rating for the company in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 988.50 ($12.48).

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 supplies tools and building materials. It also distributes pipeline related products, as well as provides heating solutions. In addition, the company engages in civils and drainage related services.