Peel Hunt Reiterates Hold Rating for Travis Perkins plc (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reiterated by Peel Hunt in a report issued on Tuesday. They currently have a GBX 1,580 ($19.60) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 14.49% from the company’s current price.
TPK has been the subject of a number of other research reports. Deutsche Bank AG restated a “buy” rating on shares of Travis Perkins plc in a research report on Friday, August 19th. Credit Suisse Group AG upped their target price on shares of Travis Perkins plc from GBX 1,650 ($20.47) to GBX 1,950 ($24.19) and gave the stock an “outperform” rating in a research report on Friday, September 30th. Canaccord Genuity lowered their price objective on shares of Travis Perkins plc from GBX 1,740 ($21.59) to GBX 1,710 ($21.21) and set a “buy” rating for the company in a research report on Monday, August 22nd. Royal Bank Of Canada lowered shares of Travis Perkins plc to a “sector performer” rating and lowered their price objective for the company from GBX 2,000 ($24.81) to GBX 1,450 ($17.99) in a research report on Thursday, October 13th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 2,500 ($31.01) price objective on shares of Travis Perkins plc in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Travis Perkins plc presently has an average rating of “Hold” and a consensus target price of GBX 1,747.11 ($21.67).
Travis Perkins plc (LON:TPK) opened at 1363.00 on Tuesday. The stock’s market cap is GBX 3.39 billion. Travis Perkins plc has a 12 month low of GBX 1,090.00 and a 12 month high of GBX 2,064.00. The company’s 50 day moving average is GBX 1,399.97 and its 200 day moving average is GBX 1,574.80.
In other news, insider Ruth Anderson purchased 53 shares of the stock in a transaction dated Monday, October 3rd. The shares were acquired at an average cost of GBX 1,564 ($19.40) per share, for a total transaction of £828.92 ($1,028.31). Also, insider Robert M. Walker purchased 10,378 shares of the stock in a transaction dated Wednesday, October 19th. The stock was purchased at an average price of GBX 1,402 ($17.39) per share, for a total transaction of £145,499.56 ($180,498.15).
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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