Travis Perkins PT Raised to GBX 1,750 (TPK)
JPMorgan Chase & Co. increased their price target on shares of Travis Perkins (LON:TPK) from GBX 1,380 ($22.68) to GBX 1,750 ($28.76) in a research note issued on Monday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 0.57% from the company’s current price.
Travis Perkins (LON:TPK) traded up 1.21% on Monday, hitting GBX 1760.00. The stock had a trading volume of 797,351 shares. Travis Perkins has a 52 week low of GBX 1220.00 and a 52 week high of GBX 1912.0001. The stock has a 50-day moving average of GBX 1819. and a 200-day moving average of GBX 1724.. The company’s market cap is £4.226 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins in a research note to investors on Friday. They now have a GBX 1,592 ($26.16) price target on the stock. Separately, analysts at Peel Hunt downgraded shares of Travis Perkins to a “hold” rating in a research note to investors on Thursday, January 23rd. Finally, analysts at N+1 Singer initiated coverage on shares of Travis Perkins in a research note to investors on Tuesday, January 21st. They set a “hold” rating and a GBX 1,800 ($29.58) price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,744.87 ($28.67).
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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