Deutsche Bank AG Boosts Travis Perkins plc (TPK) Price Target to GBX 1,837
Travis Perkins plc (LON:TPK) had its price objective boosted by research analysts at Deutsche Bank AG from GBX 1,795 ($23.38) to GBX 1,837 ($23.92) in a research note issued to investors on Friday, July 28th, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 20.62% from the company’s current price.
Several other research analysts also recently commented on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 1,650 ($21.49) price target on shares of Travis Perkins plc in a report on Thursday, April 27th. Shore Capital reiterated a “buy” rating on shares of Travis Perkins plc in a report on Thursday, April 27th. Jefferies Group LLC lifted their price target on shares of Travis Perkins plc from GBX 1,670 ($21.75) to GBX 1,890 ($24.61) and gave the company a “buy” rating in a report on Monday, June 26th. Peel Hunt boosted their target price on shares of Travis Perkins plc from GBX 1,530 ($19.92) to GBX 1,625 ($21.16) and gave the company a “hold” rating in a report on Monday, June 19th. Finally, Canaccord Genuity restated a “hold” rating and set a GBX 1,540 ($20.05) target price on shares of Travis Perkins plc in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 1,682.85 ($21.91).
Travis Perkins plc (LON:TPK) opened at 1500.00 on Friday. The firm’s market cap is GBX 3.78 billion. Travis Perkins plc has a 12 month low of GBX 1,301.00 and a 12 month high of GBX 1,714.00. The stock’s 50 day moving average is GBX 1,477.76 and its 200-day moving average is GBX 1,530.51.
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In related news, insider Frank Elkins sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of GBX 1,608 ($20.94), for a total transaction of £69,144 ($90,042.97). Also, insider Christopher Rogers purchased 55 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was acquired at an average price of GBX 1,465 ($19.08) per share, with a total value of £805.75 ($1,049.29). In the last three months, insiders acquired 149 shares of company stock valued at $228,433.
Travis Perkins plc Company Profile
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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