Deutsche Bank Reiterates Hold Rating for Travis Perkins (TPK)
Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Monday, StockRatingsNetwork reports. They currently have a GBX 1,352 ($21.66) price target on the stock. Deutsche Bank’s price target points to a potential downside of 15.87% from the company’s current price.
A number of other analysts have also recently weighed in on TPK. 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 ($27.95) 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 ($30.27) 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 ($29.63) to GBX 1,890 ($30.27) 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 given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,423.12 ($22.80).
Shares of Travis Perkins (LON:TPK) traded down 0.50% during mid-day trading on Monday, hitting GBX 1607.00. 321,338 shares of the company’s stock traded hands. Travis Perkins has a 52 week low of GBX 1030.00 and a 52 week high of GBX 1729.29. The stock’s 50-day moving average is GBX 1617. and its 200-day moving average is GBX 1527.31. The company’s market cap is £3.859 billion.
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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