Shore Capital Reaffirms “Hold” Rating for Travis Perkins plc (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a report released on Friday.
Several other brokerages also recently commented on TPK. Deutsche Bank AG upped their price target on shares of Travis Perkins plc from GBX 1,795 ($23.38) to GBX 1,837 ($23.92) and gave the company a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC upped 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 research report on Monday, June 26th. Liberum Capital restated a “buy” rating and issued a GBX 1,650 ($21.49) price target on shares of Travis Perkins plc in a research report on Tuesday, July 11th. Canaccord Genuity restated a “buy” rating and issued a GBX 1,865 ($24.29) price target on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,925 ($25.07) target price on shares of Travis Perkins plc in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,682.85 ($21.91).
Shares of Travis Perkins plc (LON:TPK) traded down 0.53% on Friday, reaching GBX 1505.00. The company’s stock had a trading volume of 594,913 shares. The stock’s market capitalization is GBX 3.79 billion. Travis Perkins plc has a 1-year low of GBX 1,301.00 and a 1-year high of GBX 1,714.00. The stock has a 50-day moving average of GBX 1,477.97 and a 200 day moving average of GBX 1,530.39.
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In other Travis Perkins plc news, insider Frank Elkins sold 4,300 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of GBX 1,608 ($20.94), for a total value of £69,144 ($90,042.97). Also, insider Christopher Rogers bought 52 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of GBX 1,518 ($19.77) per share, with a total value of £789.36 ($1,027.95). In the last quarter, insiders acquired 149 shares of company stock valued at $228,433.
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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