Travis Perkins announced an ad-hoc trading update for Q2 FY2021, registering the strong sales growth in the months of April and May as a result of healthy activity levels in the domestic and commercial RMI markets. Management now expects FY2021 adjusted operating profit to be materially ahead of current market expectations. The share price jumped c.7% on the back of the trading update. We will raise our financial estimates and target prices, but most likely retain our cautious stance on the stoc ....
22 Jun 2021
Strong trading performance in Q2 so far
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Strong trading performance in Q2 so far
Travis Perkins plc (TPK:LON) | 728 0 0.0% | Mkt Cap: 1,546m
- Published:
22 Jun 2021 -
Author:
Vansh Mehta -
Pages:
2
Travis Perkins announced an ad-hoc trading update for Q2 FY2021, registering the strong sales growth in the months of April and May as a result of healthy activity levels in the domestic and commercial RMI markets. Management now expects FY2021 adjusted operating profit to be materially ahead of current market expectations. The share price jumped c.7% on the back of the trading update. We will raise our financial estimates and target prices, but most likely retain our cautious stance on the stoc ....