Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a report released on Monday. They presently have a GBX 1,650 ($21.89) price objective on the stock. Liberum Capital’s price target points to a potential upside of 14.03% from the stock’s previous close.

A number of other research firms have also recently weighed in on TPK. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,795 ($23.81) price target on shares of Travis Perkins plc in a report on Tuesday, June 13th. Peel Hunt raised their price objective on Travis Perkins plc from GBX 1,530 ($20.29) to GBX 1,625 ($21.55) and gave the company a “hold” rating in a report on Monday, June 19th. Jefferies Group LLC raised their price objective on Travis Perkins plc from GBX 1,670 ($22.15) to GBX 1,890 ($25.07) and gave the company a “buy” rating in a report on Monday, June 26th. Shore Capital restated a “hold” rating on shares of Travis Perkins plc in a research report on Tuesday, June 27th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,700 ($22.55) price objective on shares of Travis Perkins plc in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,682.85 ($22.32).

Shares of Travis Perkins plc (TPK) opened at 1432.00 on Monday. The firm’s 50-day moving average is GBX 1,465.56 and its 200-day moving average is GBX 1,523.67. The stock’s market capitalization is GBX 3.61 billion. Travis Perkins plc has a one year low of GBX 1,301.00 and a one year high of GBX 1,709.00.

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In related news, insider Christopher Rogers bought 52 shares of the stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of GBX 1,518 ($20.14) per share, for a total transaction of £789.36 ($1,047.04). Also, insider Frank Elkins sold 2,282 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 1,455 ($19.30), for a total value of £33,203.10 ($44,041.78). Insiders bought 346 shares of company stock valued at $508,098 over the last quarter.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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