Shares of Travis Perkins plc (LON:TPK – Get Free Report) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 863 ($10.66).
Several research firms have recently weighed in on TPK. Royal Bank of Canada lowered their price objective on Travis Perkins from GBX 1,025 ($12.66) to GBX 950 ($11.73) and set an “outperform” rating for the company in a research report on Tuesday, March 12th. Berenberg Bank reduced their price objective on shares of Travis Perkins from GBX 880 ($10.87) to GBX 800 ($9.88) and set a “buy” rating for the company in a report on Wednesday, March 6th.
Check Out Our Latest Analysis on Travis Perkins
Travis Perkins Stock Performance
Travis Perkins Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 0.74%. The ex-dividend date is Thursday, March 28th. Travis Perkins’s dividend payout ratio (DPR) is 10,000.00%.
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.
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