Travis Perkins plc’s (TPK) “Hold” Rating Reiterated at Shore Capital
Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reissued by equities researchers at Shore Capital in a research note issued on Thursday.
TPK has been the subject of a number of other reports. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,625 ($21.59) target price on shares of Travis Perkins plc in a report on Wednesday, August 2nd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,545 ($20.53) target price on shares of Travis Perkins plc in a report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Travis Perkins plc in a report on Friday, October 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Travis Perkins plc in a report on Wednesday, July 19th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,650 ($21.92) target price on shares of Travis Perkins plc in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Travis Perkins plc has an average rating of “Buy” and an average price target of GBX 1,693.50 ($22.50).
Travis Perkins plc (LON TPK) remained flat at GBX 1505.00 during midday trading on Thursday. The company had a trading volume of 1,412,537 shares. 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. The stock’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.
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In other news, insider Christopher Rogers bought 53 shares of the stock in a transaction on Friday, September 1st. The stock was purchased at an average cost of GBX 1,504 ($19.98) per share, with a total value of £797.12 ($1,059.15). Also, insider Frank Elkins sold 2,282 shares of Travis Perkins plc stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 1,455 ($19.33), for a total transaction of £33,203.10 ($44,117.86). Over the last three months, 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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