Travis Perkins (LON:TPK) Rating Reiterated by Liberum Capital

Travis Perkins (LON:TPK)‘s stock had its “buy” rating restated by Liberum Capital in a report released on Wednesday, February 28th. They presently have a GBX 1,720 ($23.76) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 33.02% from the stock’s previous close.

TPK has been the topic of several other reports. 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 target on the stock. in a research report on Thursday, December 14th. Peel Hunt restated a “hold” rating and set a GBX 1,610 ($22.24) price target on shares of Travis Perkins in a research note on Wednesday, December 6th. Berenberg Bank lowered shares of Travis Perkins to a “hold” rating and reduced their target price for the stock from GBX 1,800 ($24.87) to GBX 1,550 ($21.41) in a research note on Tuesday, February 20th. Finally, Shore Capital reiterated a “hold” rating on shares of Travis Perkins in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,588.64 ($21.95).

Shares of Travis Perkins (LON TPK) traded down GBX 2 ($0.03) during mid-day trading on Wednesday, reaching GBX 1,293 ($17.86). 1,110,000 shares of the company’s stock were exchanged, compared to its average volume of 1,640,000. The firm has a market capitalization of $3,260.00 and a PE ratio of 1,405.43. Travis Perkins has a 12-month low of GBX 1,233.50 ($17.04) and a 12-month high of GBX 1,709 ($23.61).

In other news, insider John Rogers acquired 42 shares of the stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average price of GBX 1,581 ($21.84) per share, with a total value of £664.02 ($917.41). Also, insider Christopher Rogers purchased 60 shares of the stock in a transaction dated Thursday, February 1st. The stock was bought at an average cost of GBX 1,462 ($20.20) per share, with a total value of £877.20 ($1,211.94). Insiders purchased 173 shares of company stock valued at $243,440 in the last ninety days.

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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.

Analyst Recommendations for Travis Perkins (LON:TPK)

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