RBC Capital Upgrades Travis Perkins to “Top Pick” (TPK)
Travis Perkins (LON:TPK) was upgraded by stock analysts at RBC Capital to a “top pick” rating in a report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a GBX 1,900 ($30.33) price objective on the stock. RBC Capital’s target price would indicate a potential upside of 13.23% from the stock’s previous close.
Travis Perkins (LON:TPK) opened at 1741.00 on Monday. Travis Perkins has a 52-week low of GBX 1048.00 and a 52-week high of GBX 1728.0001. The stock has a 50-day moving average of GBX 1617. and a 200-day moving average of GBX 1527.31. The company’s market cap is £4.181 billion.
TPK has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins in a research note to investors on Monday. They now have a GBX 1,352 ($21.58) price target on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Travis Perkins from an “underperform” rating to a “buy” rating in a research note to investors on Monday. They now have a GBX 1,900 ($30.33) price target on the stock, up previously from GBX 1,460 ($23.31). Finally, analysts at Liberum Capital raised their price target on shares of Travis Perkins from GBX 1,890 ($30.17) to GBX 1,900 ($30.33) in a research note to investors on Friday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,524.62 ($24.34).
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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