Travis Perkins plc (LON:TPK) Insider Buys £805.75 in Stock
Travis Perkins plc (LON:TPK) insider Christopher Rogers acquired 55 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were acquired at an average price of GBX 1,465 ($18.98) per share, for a total transaction of £805.75 ($1,043.72).
Travis Perkins plc (TPK) traded down 0.69% during midday trading on Monday, hitting GBX 1445.00. 931,049 shares of the stock were exchanged. The stock’s market cap is GBX 3.61 billion. Travis Perkins plc has a 12-month low of GBX 1,286.00 and a 12-month high of GBX 1,714.00. The firm has a 50 day moving average of GBX 1,575.32 and a 200-day moving average of GBX 1,524.21.
A number of research firms have recently issued reports on TPK. Peel Hunt increased their price objective on shares of Travis Perkins plc from GBX 1,530 ($19.82) to GBX 1,625 ($21.05) and gave the company a “hold” rating in a research note on Monday, June 19th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,625 ($21.05) price objective on shares of Travis Perkins plc in a research note on Friday, April 21st. Liberum Capital reiterated a “buy” rating and set a GBX 1,650 ($21.37) price objective on shares of Travis Perkins plc in a research note on Thursday, April 27th. Berenberg Bank upgraded shares of Travis Perkins plc to a “buy” rating and increased their price objective for the company from GBX 1,540 ($19.95) to GBX 1,800 ($23.32) in a research note on Tuesday, March 7th. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 1,325 ($17.16) price objective on shares of Travis Perkins plc in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,645 ($21.31).
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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