Travis Perkins Now Covered by Analysts at N+1 Singer (TPK)
Investment analysts at N+1 Singer initiated coverage on shares of Travis Perkins (LON:TPK) in a note issued to investors on Tuesday, AnalystRatingsNetwork.com 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.