Travis Perkins plc’s Hold Rating Reaffirmed at Deutsche Bank (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 1,881 ($32.04) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 14.84% from the stock’s previous close.
Travis Perkins plc (LON:TPK) traded down 0.97% during mid-day trading on Monday, hitting GBX 1637.9999. The stock had a trading volume of 690,031 shares. Travis Perkins plc has a 52 week low of GBX 1478.00 and a 52 week high of GBX 2000.00. The stock has a 50-day moving average of GBX 1663.43 and a 200-day moving average of GBX 1791.. The company’s market cap is £3.986 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Friday. They now have a GBX 2,040 ($34.75) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Thursday, June 19th. They now have a GBX 2,190 ($37.30) price target on the stock. Finally, analysts at Charles Stanley reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Monday, June 9th. They now have a GBX 2,040 ($34.75) price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Travis Perkins plc presently has an average rating of “Hold” and a consensus target price of GBX 1,833.10 ($31.22).
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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