Travis Perkins plc (TPK) Given Average Recommendation of “Hold” by Analysts

Shares of Travis Perkins plc (LON:TPK) have been given an average recommendation of “Hold” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 1,271.86 ($16.62).

Several brokerages have recently weighed in on TPK. Berenberg Bank lowered their target price on Travis Perkins from GBX 1,400 ($18.29) to GBX 1,200 ($15.68) and set a “hold” rating for the company in a research note on Thursday, August 9th. Royal Bank of Canada lowered their target price on Travis Perkins from GBX 1,350 ($17.64) to GBX 1,180 ($15.42) and set a “sector performer” rating for the company in a research note on Friday, August 17th. UBS Group lowered their target price on Travis Perkins from GBX 1,515 ($19.80) to GBX 1,240 ($16.20) and set a “neutral” rating for the company in a research note on Thursday, August 23rd. Peel Hunt lowered their target price on Travis Perkins from GBX 1,430 ($18.69) to GBX 1,240 ($16.20) and set a “hold” rating for the company in a research note on Wednesday, August 29th. Finally, Canaccord Genuity restated a “hold” rating and set a GBX 1,300 ($16.99) target price on shares of Travis Perkins in a research note on Monday, September 3rd.

LON:TPK opened at GBX 1,104 ($14.43) on Monday. Travis Perkins has a 12 month low of GBX 1,233.50 ($16.12) and a 12 month high of GBX 1,709 ($22.33).

In other news, insider Stuart J. Chambers purchased 319 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was acquired at an average cost of GBX 1,066 ($13.93) per share, for a total transaction of £3,400.54 ($4,443.41). Also, insider Coline McConville purchased 84 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was purchased at an average price of GBX 1,066 ($13.93) per share, with a total value of £895.44 ($1,170.05).

About Travis Perkins

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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