Travis Perkins plc (LON:TPK) Given Average Recommendation of “Hold” by Brokerages
Shares of Travis Perkins plc (LON:TPK) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,639.62 ($21.41).
Several analysts have recently issued reports on TPK shares. Credit Suisse Group reissued an “outperform” rating and set a GBX 1,925 ($25.14) price target on shares of Travis Perkins plc in a research report on Wednesday, April 19th. Shore Capital reissued a “buy” rating on shares of Travis Perkins plc in a research report on Thursday, April 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,665 ($21.74) target price on shares of Travis Perkins plc in a report on Thursday, April 6th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 1,325 ($17.30) target price on shares of Travis Perkins plc in a report on Friday, April 28th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,625 ($21.22) target price on shares of Travis Perkins plc in a report on Friday, April 21st.
Shares of Travis Perkins plc (LON TPK) opened at 1464.00 on Friday. Travis Perkins plc has a 12-month low of GBX 1,301.00 and a 12-month high of GBX 1,714.00. The stock has a 50 day moving average of GBX 1,503.11 and a 200 day moving average of GBX 1,525.61. The company’s market cap is GBX 3.66 billion.
In other news, insider Christopher Rogers acquired 55 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were purchased at an average cost of GBX 1,465 ($19.13) per share, for a total transaction of £805.75 ($1,052.17). Also, insider Tony Buffin acquired 109 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average price of GBX 1,654 ($21.60) per share, for a total transaction of £1,802.86 ($2,354.22). Over the last 90 days, insiders have bought 248 shares of company stock worth $397,529.
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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