Travis Perkins plc (TPK) Rating Reiterated by Liberum Capital
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report issued on Thursday. They presently have a GBX 1,650 ($21.42) price objective on the stock. Liberum Capital’s target price points to a potential upside of 11.26% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,925 ($24.99) price objective on shares of Travis Perkins plc in a report on Wednesday, April 19th. Shore Capital reiterated a “buy” rating on shares of Travis Perkins plc in a report on Thursday, April 27th. Barclays PLC reiterated an “underweight” rating and set a GBX 1,325 ($17.20) price objective on shares of Travis Perkins plc in a report on Friday, April 28th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,665 ($21.61) price objective on shares of Travis Perkins plc in a report on Friday, April 28th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,700 ($22.07) price objective on shares of Travis Perkins plc in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 1,682.85 ($21.85).
Shares of Travis Perkins plc (LON TPK) traded down 0.47% during midday trading on Thursday, reaching GBX 1483.00. 520,018 shares of the company’s stock traded hands. 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 1,483.73 and a 200-day moving average of GBX 1,531.37. The stock’s market cap is GBX 3.73 billion.
In other Travis Perkins plc news, insider Christopher Rogers purchased 55 shares of the stock in a transaction dated Monday, July 3rd. The shares were bought at an average price of GBX 1,465 ($19.02) per share, with a total value of £805.75 ($1,046.02). Also, insider John Rogers purchased 42 shares of the stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of GBX 1,641 ($21.30) per share, for a total transaction of £689.22 ($894.74). In the last ninety days, insiders acquired 149 shares of company stock worth $228,433.
Travis Perkins plc Company Profile
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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