Travis Perkins plc Stock Rating Reaffirmed by Jefferies Group (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “underperform” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They currently have a GBX 1,430 ($24.36) price objective on the stock. Jefferies Group’s target price suggests a potential downside of 13.91% from the company’s current price.
Shares of Travis Perkins plc (LON:TPK) opened at 1671.9999 on Thursday. 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 1661. and a 200-day moving average of GBX 1790.93. The company’s market cap is £4.068 billion.
TPK has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Travis Perkins plc in a research note on Monday. They now have a GBX 1,558 ($26.54) price target on the stock. Separately, 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 ($32.04) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Travis Perkins plc in a research note on Friday, June 27th. 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 issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,836.60 ($31.28).
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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