Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 1,610 ($21.39) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 6.98% from the company’s current price.

Other equities analysts also recently issued reports about the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,650 ($21.92) price target on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,865 ($24.78) price target on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Deutsche Bank AG upped their price target on Travis Perkins plc from GBX 1,795 ($23.85) to GBX 1,837 ($24.41) and gave the company a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC upped their price target on Travis Perkins plc from GBX 1,670 ($22.19) to GBX 1,890 ($25.11) and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Berenberg Bank lowered their price target on Travis Perkins plc from GBX 1,800 ($23.92) to GBX 1,700 ($22.59) and set a “buy” rating for the company in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,693.50 ($22.50).

Travis Perkins plc (LON:TPK) remained flat at GBX 1505.00 during mid-day trading on Thursday. The company had a trading volume of 1,412,537 shares. The firm’s market capitalization is GBX 3.79 billion. Travis Perkins plc has a 52 week low of GBX 1,301.00 and a 52 week high of GBX 1,709.00. The stock’s 50-day moving average price is GBX 1,457.86 and its 200-day moving average price is GBX 1,518.36.

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In related news, insider Stuart J. Chambers purchased 241 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was acquired at an average price of GBX 1,450 ($19.27) per share, for a total transaction of £3,494.50 ($4,643.24). Also, insider Christopher Rogers purchased 52 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of GBX 1,518 ($20.17) per share, with a total value of £789.36 ($1,048.84). Insiders have bought 471 shares of company stock valued at $686,848 in 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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