Travis Perkins (TPK) Receives “Buy” Rating from Liberum Capital
A number of other analysts also recently commented on the stock. Deutsche Bank reissued a buy rating on shares of Travis Perkins in a report on Monday, November 6th. JPMorgan Chase & Co. downgraded shares of Travis Perkins to a neutral rating and set a GBX 1,700 ($23.49) price objective on the stock. in a report on Thursday, December 14th. Peel Hunt reissued a hold rating and set a GBX 1,610 ($22.24) price objective on shares of Travis Perkins in a report on Wednesday, December 6th. Berenberg Bank downgraded shares of Travis Perkins to a hold rating and decreased their price objective for the stock from GBX 1,800 ($24.87) to GBX 1,550 ($21.41) in a report on Tuesday, February 20th. Finally, Shore Capital reissued a hold rating on shares of Travis Perkins in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 1,647.50 ($22.76).
Shares of Travis Perkins (LON TPK) opened at GBX 1,273 ($17.59) on Wednesday. The company has a market cap of $3,210.00 and a PE ratio of 1,383.70. Travis Perkins has a fifty-two week low of GBX 1,233.50 ($17.04) and a fifty-two week high of GBX 1,709 ($23.61).
In other Travis Perkins news, insider Christopher Rogers bought 60 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average price of GBX 1,462 ($20.20) per share, for a total transaction of £877.20 ($1,211.94). Also, insider Ruth Anderson bought 71 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of GBX 1,258 ($17.38) per share, with a total value of £893.18 ($1,234.01). In the last 90 days, insiders have acquired 173 shares of company stock valued at $243,440.
Travis Perkins 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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