Travis Perkins PLC (TPK) is the UK's number one builders' supplier, based in Northampton. Founded in 1797, the group unites more than 20 businesses and 19 brands under its umbrella and enjoys a reputation as the best quality timber, building materials, and tools distributor across the British Isles. The company’s team consists of over 29,000 employees, working in stores around the UK.
Today, Travis Perkins runs a network of over 2,000 branches and stores, catering to the trade, home improvement and DIY markets across Great Britain. The company offers a wide range of tools and materials suitable for gardening, landscaping, interior decorating, bathrooms and kitchens design. The group divides their activities into four core segments: General Merchanting, Plumbing & Heating, Contract, and Consumer.
The department of General Merchanting includes Travis Perkins and Benchmarx brands. They offer different types or RMI (repair, maintenance and improvement) projects, and new commercial and residential construction services. The Plumbing and Heating segment specialises in bathroom and plumbing products under the iflo and several other brands, including City Plumbing Supplies and Plumbing Trade Supplies. The Contracts segment operates under three major brands – CCF, BSS and Keyline – supplying drainage solutions and heavy building materials. The Consumer segment is represented by Wickes, Tile Giant and Toolstation brands and supplies decorative and domestic building materials through retail stores.
Travis Perkins went public on 15 January 1999. Travis Perkins stock price (TPK) is set and traded on the London Stock Exchange (LSE). The company belongs to the FTSE 250 Index.
Based on the historical data, the Travis Perkins share price in pounds reached its all-time high of 2,270 in July 2015. The Travis Perkins share value fell to its record low in October 1992, when it reached 95.38. Providing a 12-month share price prediction for TravisPerkins in 2020-2021, analysts surveyed by Business Insider are putting the price of the stock in a range that goes from £1,400 to £1,900.
Speaking about Travis Perkins latest performance and trading updates for Q1 in 2020, the company announced that it has delivered a good performance in the first three months of the year, continuing the positive momentum from 2019. Still, the performance was significantly hit by the Covid-19 pandemic and the lockdown measures introduced in the United Kingdom.
“Against a challenging market backdrop we have delivered a strong operational and financial performance across the Group,” Nick Roberts, chief executive officer of Travis Perkins commented. “The long-term fundamental drivers of the group’s end-markets remain strong, and our businesses enjoy leading positions in their respective markets.”
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