Travis Perkins plc (TPK) Given Overweight Rating at J P Morgan Chase & Co
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 presently have a GBX 1,700 ($22.59) target price on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 12.96% from the company’s previous close.
TPK has been the topic of several other reports. Peel Hunt reissued a “hold” rating and set a GBX 1,625 ($21.59) price target on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. Shore Capital reissued a “hold” rating on shares of Travis Perkins plc in a research report on Friday, August 11th. Numis Securities Ltd reissued a “hold” rating and set a GBX 1,545 ($20.53) price target on shares of Travis Perkins plc in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating on shares of Travis Perkins plc in a research report on Friday, October 13th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Travis Perkins plc in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,693.50 ($22.50).
Shares of Travis Perkins plc (LON:TPK) remained flat at GBX 1505.00 during mid-day trading on Thursday. The stock had a trading volume of 1,412,537 shares. Travis Perkins plc has a 12-month low of GBX 1,301.00 and a 12-month high of GBX 1,709.00. The firm’s market capitalization is GBX 3.79 billion. The firm’s 50-day moving average price is GBX 1,457.86 and its 200 day moving average price is GBX 1,518.36.
In other Travis Perkins plc news, insider Stuart J. Chambers acquired 241 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was acquired at an average price of GBX 1,450 ($19.27) per share, with a total value of £3,494.50 ($4,643.24). Also, insider Alan Williams acquired 125 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were acquired at an average cost of GBX 1,430 ($19.00) per share, with a total value of £1,787.50 ($2,375.10). In the last quarter, insiders have bought 471 shares of company stock valued at $686,848.
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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