Travis Perkins Rating Reiterated by Deutsche Bank (TPK)
Travis Perkins (LON:TPK)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research report issued on Monday, Stock Ratings News reports. They currently have a GBX 1,352 ($21.58) price objective on the stock. Deutsche Bank’s price target would suggest a potential downside of 23.31% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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). Separately, 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. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Travis Perkins in a research note to investors on Thursday. They now have a GBX 1,602 ($25.57) price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Travis Perkins has a consensus rating of “Hold” and a consensus price target of GBX 1,524.62 ($24.34).
Shares of Travis Perkins (LON:TPK) traded up 5.07% on Monday, hitting GBX 1762.9999. The stock had a trading volume of 964,132 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 £4.233 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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