Travis Perkins plc (LON:TPK) Stock Rating Reaffirmed by Peel Hunt

Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating reissued by Peel Hunt in a research report issued to clients and investors on Wednesday, August 2nd. They presently have a GBX 1,625 ($21.16) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 7.97% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,665 ($21.68) price objective on shares of Travis Perkins plc in a research report on Thursday, April 6th. Liberum Capital restated a “buy” rating and issued a GBX 1,650 ($21.49) price objective on shares of Travis Perkins plc in a research report on Tuesday, June 27th. Shore Capital restated a “buy” rating on shares of Travis Perkins plc in a research report on Thursday, April 27th. Jefferies Group LLC raised their price objective on shares of Travis Perkins plc from GBX 1,670 ($21.75) to GBX 1,890 ($24.61) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 1,540 ($20.05) price objective on shares of Travis Perkins plc in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Travis Perkins plc has a consensus rating of “Buy” and an average target price of GBX 1,682.85 ($21.91).

Travis Perkins plc (LON:TPK) traded down 0.53% during trading on Wednesday, hitting GBX 1505.00. The company’s stock had a trading volume of 819,781 shares. The firm’s market cap is GBX 3.79 billion. Travis Perkins plc has a one year low of GBX 1,301.00 and a one year high of GBX 1,714.00. The company has a 50-day moving average of GBX 1,479.25 and a 200 day moving average of GBX 1,530.71.

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In other Travis Perkins plc news, insider Frank Elkins sold 4,300 shares of Travis Perkins plc stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of GBX 1,608 ($20.94), for a total value of £69,144 ($90,042.97). Also, insider Christopher Rogers bought 52 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of GBX 1,518 ($19.77) per share, with a total value of £789.36 ($1,027.95). Insiders acquired a total of 149 shares of company stock valued at $228,433 over the last ninety days.

Travis Perkins plc 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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

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