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Investment analysts at N+1 Singer initiated coverage on shares of Travis Perkins (LON:TPK) in a note issued to investors on Tuesday, reports. The firm set a “hold” rating and a GBX 1,800 ($29.55) price target on the stock. N+1 Singer’s price objective would suggest a potential downside of 3.43% from the company’s current price.

Travis Perkins (LON:TPK) traded down 0.16% on Tuesday, hitting GBX 1861.00. The stock had a trading volume of 181,370 shares. Travis Perkins has a 52 week low of GBX 1188.00 and a 52 week high of GBX 1912.0001. The stock’s 50-day moving average is GBX 1808. and its 200-day moving average is GBX 1713.. The company’s market cap is £4.469 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 1,592 ($26.13) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Travis Perkins from GBX 1,800 ($29.55) to GBX 1,900 ($31.19) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Travis Perkins in a research note to investors on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,723.11 ($28.28).

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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