Travis Perkins’ (TPK) Buy Rating Reiterated at Deutsche Bank

Travis Perkins (LON:TPK)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a report issued on Monday.

TPK has been the subject of several other reports. JPMorgan Chase & Co. cut shares of Travis Perkins to a “neutral” rating and set a GBX 1,700 ($23.05) price objective for the company. in a research note on Thursday, December 14th. Peel Hunt restated a “hold” rating and set a GBX 1,610 ($21.83) price objective on shares of Travis Perkins in a research note on Thursday, October 19th. Jefferies Group decreased their price objective 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 research note on Friday, October 20th. Liberum Capital restated a “buy” rating and set a GBX 1,650 ($22.38) price objective on shares of Travis Perkins in a research note on Monday, October 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Travis Perkins in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Travis Perkins currently has an average rating of “Buy” and a consensus target price of GBX 1,701.25 ($23.07).

Shares of Travis Perkins (TPK) traded down GBX 5.50 ($0.07) during midday trading on Monday, reaching GBX 1,481 ($20.08). 876,866 shares of the company’s stock traded hands, compared to its average volume of 736,056. Travis Perkins has a twelve month low of GBX 1,399 ($18.97) and a twelve month high of GBX 1,709 ($23.18). The firm has a market cap of $3,740.00 and a PE ratio of 49,366.67.

In related news, insider Coline McConville purchased 58 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average price of GBX 1,518 ($20.59) per share, with a total value of £880.44 ($1,193.98). Also, insider Alan Williams sold 11,578 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of GBX 1,534 ($20.80), for a total transaction of £177,606.52 ($240,855.06). In the last three months, insiders purchased 143 shares of company stock valued at $222,515.

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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.

Analyst Recommendations for Travis Perkins (LON:TPK)

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