Deutsche Bank Reiterates Hold Rating for Travis Perkins (TPK)
Travis Perkins (LON:TPK)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday, American Banking News reports. They currently have a GBX 1,592 ($26.12) price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 15.36% from the company’s current price.
A number of other firms have also recently commented on TPK. Analysts at JPMorgan Chase & Co. raised their price target on shares of Travis Perkins from GBX 1,380 ($22.64) to GBX 1,750 ($28.71) in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Peel Hunt downgraded shares of Travis Perkins to a “hold” rating in a research note on Thursday, January 23rd. Finally, analysts at N+1 Singer initiated coverage on shares of Travis Perkins in a research note on Tuesday, January 21st. They set a “hold” rating and a GBX 1,800 ($29.53) price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,744.87 ($28.63).
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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