Travis Perkins plc (TPK) Given Consensus Rating of “Buy” by Analysts
Shares of Travis Perkins plc (LON:TPK) have received an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,700.45 ($23.06).
Several equities research analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of Travis Perkins in a report on Friday, October 13th. Shore Capital restated a “hold” rating on shares of Travis Perkins in a report on Wednesday, October 25th. Jefferies Group reduced their price target on shares of Travis Perkins from GBX 1,840 ($24.95) to GBX 1,800 ($24.41) and set a “buy” rating for the company in a report on Friday, October 20th. JPMorgan Chase & Co. lowered shares of Travis Perkins to a “neutral” rating and set a GBX 1,700 ($23.05) price target for the company. in a report on Thursday, December 14th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,650 ($22.38) price target on shares of Travis Perkins in a report on Thursday, October 19th.
In other news, insider John Rogers acquired 43 shares of Travis Perkins stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 1,583 ($21.47) per share, for a total transaction of £680.69 ($923.09). Also, insider Coline McConville acquired 58 shares of Travis Perkins stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average price of GBX 1,518 ($20.59) per share, with a total value of £880.44 ($1,193.98). In the last quarter, insiders have purchased 143 shares of company stock valued at $222,515.
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Travis Perkins Company Profile
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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