Travis Perkins plc (TPK) Receives Average Rating of “Buy” from Brokerages
Shares of Travis Perkins plc (LON:TPK) have earned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. 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. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 1,700.45 ($22.37).
Several research analysts recently issued reports on TPK shares. Berenberg Bank increased their target price on shares of Travis Perkins plc from GBX 1,700 ($22.36) to GBX 1,800 ($23.67) and gave the stock a “buy” rating in a research note on Friday, October 27th. Citigroup Inc. reissued a “buy” rating on shares of Travis Perkins plc in a research note on Friday, October 13th. Deutsche Bank AG reissued a “buy” rating on shares of Travis Perkins plc in a research note on Monday, November 6th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,700 ($22.36) price objective on shares of Travis Perkins plc in a report on Thursday, October 19th. Finally, Shore Capital restated a “hold” rating on shares of Travis Perkins plc in a report on Wednesday, October 25th.
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In other news, insider Alan Williams acquired 125 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was bought at an average cost of GBX 1,430 ($18.81) per share, for a total transaction of £1,787.50 ($2,351.05). Also, insider Stuart J. Chambers acquired 241 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was purchased at an average price of GBX 1,450 ($19.07) per share, with a total value of £3,494.50 ($4,596.21). Insiders have acquired 477 shares of company stock valued at $695,956 in the last quarter.
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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