RBC Capital Reiterates “Outperform” Rating for Travis Perkins plc (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “outperform” rating restated by RBC Capital in a research note issued on Tuesday, Stock Ratings News reports. They currently have a GBX 2,045 ($34.45) price target on the stock. RBC Capital’s target price suggests a potential upside of 18.04% from the stock’s previous close.
Shares of Travis Perkins plc (LON:TPK) traded up 0.46% during mid-day trading on Tuesday, hitting GBX 1748.00. The stock had a trading volume of 204,777 shares. Travis Perkins plc has a 52 week low of GBX 1402.00 and a 52 week high of GBX 2000.00. The stock has a 50-day moving average of GBX 1799. and a 200-day moving average of GBX 1818.. The company’s market cap is £4.253 billion.
A number of other firms have also recently commented on TPK. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Monday. They now have a GBX 1,881 ($31.68) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Travis Perkins plc in a research note on Thursday, May 8th. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Travis Perkins plc in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Travis Perkins plc has an average rating of “Hold” and an average price target of GBX 1,852.32 ($31.20).
Travis Perkins plc is a builder’s merchant and home improvement retailer in the United Kingdom. The Company’s segments include general merchanting, contracts merchanting, plumbing and heating merchanting, and consumer.
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