Travis Perkins plc (LON:TPK – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 838.62 ($10.95) and traded as high as GBX 891 ($11.63). Travis Perkins shares last traded at GBX 886.50 ($11.58), with a volume of 198,562 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on TPK. Deutsche Bank Aktiengesellschaft raised Travis Perkins to a “buy” rating and dropped their price target for the stock from GBX 1,100 ($14.36) to GBX 910 ($11.88) in a research report on Thursday, August 1st. Berenberg Bank reiterated a “hold” rating and issued a GBX 800 ($10.45) target price on shares of Travis Perkins in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,100 ($14.36) price objective on shares of Travis Perkins in a report on Friday, August 30th.
Check Out Our Latest Report on TPK
Travis Perkins Stock Up 2.5 %
Travis Perkins Announces Dividend
The firm also recently declared 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. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 3rd. Travis Perkins’s payout ratio is currently -13,750.00%.
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.
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