Travis Perkins Given “Hold” Rating at Deutsche Bank (TPK)
Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Friday, StockRatingsNetwork reports. They currently have a GBX 1,352 ($21.81) price target on the stock. Deutsche Bank’s price objective indicates a potential downside of 19.14% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Travis Perkins (LON:TPK) in a research note to investors on Tuesday. They now have a GBX 1,745 ($28.15) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Travis Perkins (LON:TPK) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a GBX 1,947 ($31.41) price target on the stock, up previously from GBX 1,720 ($27.75). Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Travis Perkins (LON:TPK) in a research note to investors on Thursday, September 26th. They now have a GBX 1,623 ($26.19) price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,447.19 ($23.35).
Travis Perkins (LON:TPK) traded up 0.78% during mid-day trading on Friday, hitting GBX 1685.00. The stock had a trading volume of 464,119 shares. Travis Perkins has a 1-year low of GBX 1048.00 and a 1-year high of GBX 1728.0001. 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 £4.046 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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