Travis Perkins plc (LON:TPK) had its price target reduced by equities research analysts at Jefferies Group LLC from GBX 1,840 ($24.45) to GBX 1,800 ($23.92) in a report released on Friday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s price target points to a potential upside of 19.60% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Peel Hunt reiterated a “hold” rating and set a GBX 1,625 ($21.59) price target on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Shore Capital reiterated a “hold” rating on shares of Travis Perkins plc in a report on Friday, August 11th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,545 ($20.53) price target on shares of Travis Perkins plc in a report on Thursday, August 3rd. Citigroup Inc. reiterated a “buy” rating on shares of Travis Perkins plc in a report on Friday, October 13th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Travis Perkins plc in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 1,693.50 ($22.50).

Travis Perkins plc (LON:TPK) opened at 1505.00 on Friday. Travis Perkins plc has a 12 month low of GBX 1,301.00 and a 12 month high of GBX 1,709.00. The company’s market cap is GBX 3.79 billion. The company has a 50-day moving average of GBX 1,456.95 and a 200 day moving average of GBX 1,518.45.

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In related news, insider Frank Elkins sold 2,282 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of GBX 1,455 ($19.33), for a total transaction of £33,203.10 ($44,117.86). Also, insider Christopher Rogers acquired 53 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of GBX 1,504 ($19.98) per share, for a total transaction of £797.12 ($1,059.15). In the last 90 days, insiders have purchased 471 shares of company stock worth $686,848.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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