Travis Perkins Upgraded by Bank of America Corp. to “Buy” (TPK)
Travis Perkins (LON:TPK) was upgraded by equities researchers at Bank of America Corp. from an “underperform” rating to a “buy” rating in a research report issued on Monday, Analyst RN reports. The firm currently has a GBX 1,900 ($30.33) price target on the stock, up from their previous price target of GBX 1,460 ($23.31). Bank of America Corp.’s target price suggests a potential upside of 7.77% from the company’s current price.
A number of other firms have also recently commented on TPK. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins in a research note to investors on Friday, October 4th. They now have a GBX 1,352 ($21.58) price target on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,524.62 ($24.34).
Shares of Travis Perkins (LON:TPK) traded up 5.07% during mid-day trading on Monday, hitting GBX 1762.9999. The stock had a trading volume of 964,132 shares. 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 £4.233 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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