Travis Perkins plc’s “Hold” Rating Reaffirmed at Deutsche Bank (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday, Stock Ratings News reports. They currently have a GBX 1,592 ($26.68) price objective on the stock. Deutsche Bank’s price objective indicates a potential downside of 19.45% from the stock’s previous close.
TPK has been the subject of a number of other recent research reports. Analysts at Liberum Capital raised their price target on shares of Travis Perkins plc from GBX 2,035 ($34.10) to GBX 2,220 ($37.20) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Travis Perkins plc from GBX 1,380 ($23.13) to GBX 1,750 ($29.33) in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Peel Hunt downgraded shares of Travis Perkins plc to a “hold” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,762.52 ($29.54).
Travis Perkins plc is a builder’s merchant and home improvement retailer in the United Kingdom. The Company’s operating segments include general merchanting, specialist merchanting, consumer, plumbing & heating.
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