Travis Perkins plc’s Buy Rating Reaffirmed at Citigroup Inc. (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday. They currently have a GBX 2,040 ($34.99) target price on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 26.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on TPK. Analysts at Jefferies Group reiterated an “underperform” rating on shares of Travis Perkins plc in a research note on Thursday, July 3rd. They now have a GBX 1,430 ($24.53) 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 Monday, June 30th. They now have a GBX 1,558 ($26.72) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins plc in a research note on Monday, June 30th. They now have a GBX 1,881 ($32.26) price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Travis Perkins plc currently has a consensus rating of “Hold” and a consensus price target of GBX 1,836.60 ($31.50).
Travis Perkins plc (LON:TPK) traded down 0.19% on Wednesday, hitting GBX 1616.00. 543,938 shares of the company’s stock traded hands. Travis Perkins plc has a 1-year low of GBX 1538.00 and a 1-year high of GBX 2000.00. The stock has a 50-day moving average of GBX 1657. and a 200-day moving average of GBX 1787.. The company’s market cap is £3.932 billion.
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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