Travis Perkins plc (TPK) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Travis Perkins plc (LON:TPK) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, 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 12 month target price among brokers that have issued a report on the stock in the last year is GBX 1,706.82 ($23.93).

TPK has been the topic of several research reports. Jefferies Group cut their price objective on Travis Perkins from GBX 1,840 ($25.80) to GBX 1,800 ($25.24) and set a “buy” rating on the stock in a research report on Friday, October 20th. Liberum Capital raised their price objective on Travis Perkins from GBX 1,650 ($23.14) to GBX 1,720 ($24.12) and gave the company a “buy” rating in a research report on Tuesday, January 16th. Citigroup reissued a “buy” rating on shares of Travis Perkins in a research report on Friday, October 13th. Deutsche Bank cut their price objective on Travis Perkins from GBX 1,837 ($25.76) to GBX 1,760 ($24.68) and set a “buy” rating on the stock in a research report on Monday, November 20th. Finally, Berenberg Bank raised their price objective on Travis Perkins from GBX 1,700 ($23.84) to GBX 1,800 ($25.24) and gave the company a “buy” rating in a research report on Friday, October 27th.

In other Travis Perkins news, insider John Rogers bought 43 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of GBX 1,583 ($22.20) per share, with a total value of £680.69 ($954.42). Also, insider Christopher Rogers bought 60 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of GBX 1,462 ($20.50) per share, for a total transaction of £877.20 ($1,229.95). Over the last ninety days, insiders have bought 145 shares of company stock worth $222,191.

Travis Perkins (TPK) opened at GBX 1,408 ($19.74) on Tuesday. The firm has a market capitalization of $3,600.00 and a price-to-earnings ratio of 46,933.33. Travis Perkins has a 52-week low of GBX 1,399 ($19.62) and a 52-week high of GBX 1,709 ($23.96).

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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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