Travis Perkins plc (LON:TPK)‘s stock had its “overweight” rating restated by equities research analysts at J P Morgan Chase & Co in a report released on Thursday. They currently have a GBX 1,700 ($22.20) price target on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 16.12% from the stock’s current price.

A number of other equities analysts have also recently weighed in on TPK. Deutsche Bank AG reaffirmed a “buy” rating on shares of Travis Perkins plc in a research report on Wednesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,650 ($21.55) price objective on shares of Travis Perkins plc in a research report on Tuesday, July 11th. Shore Capital reissued a “hold” rating on shares of Travis Perkins plc in a research report on Tuesday, June 27th. Peel Hunt raised their price target on shares of Travis Perkins plc from GBX 1,530 ($19.98) to GBX 1,625 ($21.22) and gave the company a “hold” rating in a research report on Monday, June 19th. Finally, Jefferies Group LLC raised their price target on shares of Travis Perkins plc from GBX 1,670 ($21.81) to GBX 1,890 ($24.68) and gave the company a “buy” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,650.71 ($21.56).

Travis Perkins plc (LON TPK) traded down 0.34% during mid-day trading on Thursday, hitting GBX 1464.00. 635,066 shares of the stock traded hands. The stock has a 50-day moving average price of GBX 1,502.05 and a 200-day moving average price of GBX 1,525.18. The stock’s market cap is GBX 3.66 billion. Travis Perkins plc has a 12 month low of GBX 1,301.00 and a 12 month high of GBX 1,714.00.

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In other news, insider John Rogers acquired 42 shares of Travis Perkins plc stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average cost of GBX 1,613 ($21.06) per share, for a total transaction of £677.46 ($884.64). Also, insider Frank Elkins sold 4,300 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of GBX 1,608 ($21.00), for a total transaction of £69,144 ($90,289.89). Insiders bought a total of 248 shares of company stock worth $397,529 over the last 90 days.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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