Travis Perkins plc (TPK) Receives Average Recommendation of “Hold” from Brokerages
Shares of Travis Perkins plc (LON:TPK) have received a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,271.86 ($16.62).
Several research analysts have recently weighed in on the stock. Shore Capital reiterated a “hold” rating on shares of Travis Perkins in a research note on Tuesday, July 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Travis Perkins in a research note on Tuesday, July 17th. Peel Hunt restated a “hold” rating on shares of Travis Perkins in a research note on Tuesday, October 23rd. Canaccord Genuity lowered their target price on shares of Travis Perkins from GBX 1,420 ($18.55) to GBX 1,300 ($16.99) and set a “hold” rating on the stock in a research note on Wednesday, August 1st. Finally, UBS Group lowered their target price on shares of Travis Perkins from GBX 1,515 ($19.80) to GBX 1,240 ($16.20) and set a “neutral” rating on the stock in a research note on Thursday, August 23rd.
Shares of Travis Perkins stock traded up GBX 12 ($0.16) on Thursday, hitting GBX 1,055 ($13.79). 1,459,635 shares of the company’s stock were exchanged, compared to its average volume of 1,660,000. Travis Perkins has a 1 year low of GBX 1,233.50 ($16.12) and a 1 year high of GBX 1,709 ($22.33).
Travis Perkins Company Profile
Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.
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