Deutsche Bank Reiterates Hold Rating for Travis Perkins (TPK)
Travis Perkins (LON:TPK)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,352 ($21.14) price objective on the stock. Deutsche Bank’s target price would indicate a potential downside of 16.13% from the stock’s previous close.
Shares of Travis Perkins (LON:TPK) traded down 0.06% on Friday, hitting GBX 1611.00. The stock had a trading volume of 314,050 shares. The stock’s 50-day moving average is GBX 1630. and its 200-day moving average is GBX 1514.. The company’s market cap is £3.868 billion.
TPK has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. upgraded shares of Travis Perkins (LON:TPK) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 29th. They now have a GBX 1,745 ($27.28) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Travis Perkins (LON:TPK) in a research note to investors on Friday, August 23rd. They now have a GBX 1,890 ($29.55) price target on the stock. Finally, analysts at Liberum Capital raised their price target on shares of Travis Perkins (LON:TPK) from GBX 1,850 ($28.92) to GBX 1,890 ($29.55) in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,423.12 ($22.25).
Travis Perkins plc is a builder’s merchant and home improvement retailer in the United Kingdom. The general merchanting division supplies building materials to professional building companies, contractors and tradesman throughout Great Britain.
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