Travis Perkins plc’s (TPK) Buy Rating Reaffirmed at Citigroup Inc.
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a research report issued on Friday.
Other research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “hold” rating on shares of Travis Perkins plc in a research report on Friday, August 11th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,545 ($20.31) target price on shares of Travis Perkins plc in a research report on Thursday, August 3rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,700 ($22.35) target price on shares of Travis Perkins plc in a research report on Thursday, July 20th. Jefferies Group LLC raised their target price on Travis Perkins plc from GBX 1,670 ($21.96) to GBX 1,890 ($24.85) and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,650 ($21.69) target price on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 1,702.25 ($22.38).
Travis Perkins plc (TPK) traded up 2.29% during mid-day trading on Friday, reaching GBX 1475.00. 1,095,623 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 3.71 billion. The firm’s 50-day moving average price is GBX 1,457.22 and its 200 day moving average price is GBX 1,519.73. Travis Perkins plc has a 12 month low of GBX 1,301.00 and a 12 month high of GBX 1,709.00.
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In other Travis Perkins plc news, insider Stuart J. Chambers bought 241 shares of the stock in a transaction dated Monday, October 2nd. The stock was bought at an average cost of GBX 1,450 ($19.06) per share, for a total transaction of £3,494.50 ($4,594.40). Also, insider Christopher Rogers bought 53 shares of the stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of GBX 1,504 ($19.77) per share, with a total value of £797.12 ($1,048.01). Over the last three months, insiders have acquired 471 shares of company stock valued at $686,848.
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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