Travis Perkins plc (LON:TPK) Given Buy Rating at Canaccord Genuity
Canaccord Genuity reissued their buy rating on shares of Travis Perkins plc (LON:TPK) in a report released on Wednesday. Canaccord Genuity currently has a GBX 1,865 ($24.60) price objective on the stock.
Several other research analysts have also recently commented on TPK. Deutsche Bank AG reissued a buy rating and set a GBX 1,665 ($21.96) price target on shares of Travis Perkins plc in a research report on Thursday, April 6th. Credit Suisse Group reissued an outperform rating and set a GBX 1,925 ($25.39) price target on shares of Travis Perkins plc in a research report on Wednesday, April 19th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 1,625 ($21.44) price target on shares of Travis Perkins plc in a research report on Friday, April 21st. Shore Capital reissued a buy rating on shares of Travis Perkins plc in a research report on Thursday, April 27th. Finally, Liberum Capital reissued a buy rating and set a GBX 1,650 ($21.76) price target on shares of Travis Perkins plc in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 1,690.54 ($22.30).
Shares of Travis Perkins plc (LON TPK) traded up 0.86% on Wednesday, hitting GBX 1530.00. The company had a trading volume of 1,162,236 shares. The firm has a 50 day moving average of GBX 1,481.24 and a 200-day moving average of GBX 1,528.10. Travis Perkins plc has a 12-month low of GBX 1,301.00 and a 12-month high of GBX 1,714.00. The firm’s market capitalization is GBX 3.84 billion.
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In other Travis Perkins plc news, insider Frank Elkins sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 1,608 ($21.21), for a total value of £69,144 ($91,206.96). Also, insider John Rogers acquired 42 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was acquired at an average price of GBX 1,641 ($21.65) per share, for a total transaction of £689.22 ($909.14). Insiders acquired 149 shares of company stock worth $228,433 in the last 90 days.
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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