Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by stock analysts at Peel Hunt in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,610 ($21.67) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 1.15% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank reaffirmed a “buy” rating on shares of Travis Perkins in a research note on Monday, November 6th. Berenberg Bank boosted their price target on Travis Perkins from GBX 1,700 ($22.88) to GBX 1,800 ($24.23) and gave the company a “buy” rating in a research note on Friday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Travis Perkins in a research note on Friday, October 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,700 ($22.88) price target on shares of Travis Perkins in a research note on Thursday, October 19th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Travis Perkins in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Travis Perkins currently has an average rating of “Buy” and an average target price of GBX 1,695.42 ($22.82).
Travis Perkins (TPK) traded up GBX 44.74 ($0.60) during mid-day trading on Wednesday, reaching GBX 1,591.74 ($21.42). 2,398,259 shares of the company’s stock were exchanged, compared to its average volume of 1,060,000. Travis Perkins has a 1 year low of GBX 1,397 ($18.80) and a 1 year high of GBX 1,709 ($23.00).
About Travis Perkins
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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